Truist Financial Corp Acquires 21,617 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Truist Financial Corp boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 127,231 shares of the company’s stock after buying an additional 21,617 shares during the quarter. Truist Financial Corp’s holdings in Invesco NASDAQ 100 ETF were worth $21,444,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQM. LPL Financial LLC raised its position in shares of Invesco NASDAQ 100 ETF by 12.4% in the 3rd quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after acquiring an additional 428,164 shares during the period. Clal Insurance Enterprises Holdings Ltd raised its holdings in Invesco NASDAQ 100 ETF by 8.4% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,393,233 shares of the company’s stock worth $500,196,000 after purchasing an additional 262,963 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 25.2% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock worth $212,461,000 after purchasing an additional 254,025 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 8.9% during the third quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock worth $170,669,000 after purchasing an additional 94,790 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its holdings in shares of Invesco NASDAQ 100 ETF by 53.0% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock valued at $176,150,000 after buying an additional 362,075 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.4 %

QQQM opened at $178.06 on Tuesday. The stock has a market cap of $22.89 billion, a P/E ratio of 35.17 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $129.60 and a 12 month high of $184.88. The company has a fifty day simple moving average of $179.81 and a 200 day simple moving average of $169.19.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 annualized dividend and a dividend yield of 0.78%.

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.