Janney Montgomery Scott LLC Has $31.07 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Janney Montgomery Scott LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 130,761 shares of the company’s stock after acquiring an additional 20,761 shares during the period. Janney Montgomery Scott LLC’s holdings in Invesco NASDAQ 100 ETF were worth $31,072,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $31,000. Osbon Capital Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $41,000. Bank & Trust Co acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $46,000. Finally, Monetary Solutions Ltd acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $50,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $298.05 on Tuesday. The company has a 50 day simple moving average of $290.91 and a 200 day simple moving average of $264.98. Invesco NASDAQ 100 ETF has a 1 year low of $224.19 and a 1 year high of $308.21. The firm has a market cap of $89.47 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

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

About Invesco NASDAQ 100 ETF

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.