Parallel Advisors LLC Raises Stock Position in Invesco NASDAQ 100 ETF $QQQM

Parallel Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 286.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,830 shares of the company’s stock after purchasing an additional 3,580 shares during the quarter. Parallel Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,148,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Garner Asset Management Corp purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $25,000. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Osbon Capital Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $41,000. SJS Investment Consulting Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at $40,000. Finally, Signature Equity Partners LLC boosted its holdings in Invesco NASDAQ 100 ETF by 19,600.0% in the first quarter. Signature Equity Partners LLC now owns 197 shares of the company’s stock valued at $47,000 after purchasing an additional 196 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $297.70 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The stock has a market capitalization of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The business has a fifty day moving average price of $294.00 and a 200 day moving average price of $272.19.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.3522 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%.

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.