Nomura Asset Management Co. Ltd. Buys 14,000 Shares of Invesco NASDAQ 100 ETF $QQQM

Nomura Asset Management Co. Ltd. boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,425 shares of the company’s stock after acquiring an additional 14,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $18,065,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Avaii Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares during the last quarter. Archer Investment Corp boosted its holdings in Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after acquiring an additional 44 shares during the last quarter. Foresight Capital Management Advisors Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after acquiring an additional 47 shares during the last quarter. ROSS JOHNSON & Associates LLC boosted its holdings in Invesco NASDAQ 100 ETF by 23.1% in the third quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after acquiring an additional 50 shares during the last quarter. Finally, Longview Financial Advisors Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 5.5% in the fourth quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock valued at $248,000 after acquiring an additional 51 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $305.82 on Tuesday. The business’s 50 day simple moving average is $269.69 and its 200 day simple moving average is $258.49. Invesco NASDAQ 100 ETF has a one year low of $212.46 and a one year high of $306.98. The stock has a market capitalization of $91.80 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.4%.

Invesco NASDAQ 100 ETF Company Profile

The Invesco NASDAQ 100 ETF (QQQM) is an exchange-traded fund that is based on the NASDAQ-100 index. The fund is passively managed to track a modified-market-cap weighted narrow index of 100 NASDAQ-listed stocks, excluding financials. QQQM was launched on Oct 13, 2020 and is managed by Invesco.