Stifel Financial Corp Acquires 3,604 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Stifel Financial Corp grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,943 shares of the company’s stock after acquiring an additional 3,604 shares during the period. Stifel Financial Corp’s holdings in Invesco NASDAQ 100 ETF were worth $14,651,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swmg LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $1,515,000. Quantinno Capital Management LP acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $385,000. IHT Wealth Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 4.1% in the third quarter. IHT Wealth Management LLC now owns 24,421 shares of the company’s stock valued at $4,901,000 after buying an additional 953 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Invesco NASDAQ 100 ETF by 28.1% during the third quarter. Integrated Wealth Concepts LLC now owns 175,065 shares of the company’s stock worth $35,162,000 after buying an additional 38,378 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 26.4% during the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock worth $9,107,000 after acquiring an additional 9,469 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $214.28 on Wednesday. The company has a market cap of $36.52 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a 50-day moving average of $206.23 and a 200-day moving average of $198.64. Invesco NASDAQ 100 ETF has a one year low of $161.13 and a one year high of $216.80.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ 100 ETF 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.