Barings LLC Has $15.33 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Barings LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,429.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,850 shares of the company’s stock after purchasing an additional 68,088 shares during the period. Barings LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,331,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. Shoker Investment Counsel Inc. boosted its stake in Invesco NASDAQ 100 ETF by 2.5% in the third quarter. Shoker Investment Counsel Inc. now owns 7,861 shares of the company’s stock valued at $1,579,000 after acquiring an additional 189 shares during the last quarter. Executive Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 3.2% in the third quarter. Executive Wealth Management LLC now owns 49,239 shares of the company’s stock valued at $9,890,000 after acquiring an additional 1,540 shares during the last quarter. Rockbridge Investment Management LCC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $453,000. Assetmark Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 60.8% during the third quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after purchasing an additional 284 shares in the last quarter. Finally, Transcendent Capital Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 1,630.4% during the third quarter. Transcendent Capital Group LLC now owns 17,754 shares of the company’s stock worth $3,566,000 after purchasing an additional 16,728 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.7 %

Shares of NASDAQ QQQM opened at $202.50 on Friday. The company’s fifty day moving average is $213.61 and its 200-day moving average is $207.46. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.