Unlocking Dividend Potential: A Comprehensive Overview of QQQM and Its Dividend History
QQQM - Market Position
| Ticker Symbol | Product Type | Asset Class | Strategy | Payment Frequency | Geographic Focus | Expense Ratio | Sponsor |
|---|---|---|---|---|---|---|---|
| QQQM | ETF | Equity Invesco NASDAQ 100 ETF | Index-Based | Quarterly | Global | 0.15% | Invesco |
QQQM Overview - The Invesco NASDAQ 100 ETF
The Invesco NASDAQ 100 ETF (QQQM) is an equity exchange-traded fund designed to track the performance of the NASDAQ-100 Index, which comprises 100 of the largest non-financial companies listed on the NASDAQ stock exchange. QQQM focuses on providing investors with exposure to the technology, consumer discretionary, and healthcare sectors, among others, offering a diversified portfolio within the tech-heavy NASDAQ.
With a strategy that emphasizes index-based investing, QQQM aims to mirror the index's returns and capture the growth potential of leading companies in the market. Its quarterly payment frequency appeals to income-seeking investors interested in dividend-paying assets, although QQQM's primary focus is on capital appreciation through equity investments.
Investors benefit from global exposure through QQQM, as the ETF's holdings span across various geographic regions, providing diversification beyond domestic markets. The fund maintains a low expense ratio of 0.15%, making it cost-effective for long-term investors seeking exposure to large-cap tech and growth stocks.
As an ETF sponsored by Invesco, a reputable financial services firm, QQQM offers a convenient and efficient way for investors to access the growth potential of leading technology and innovation-driven companies in the NASDAQ-100 Index.
QQQM - Price / Yield
QQQM - Portfolio and Asset Allocation
The Invesco NASDAQ 100 ETF (QQQM) holds a diverse portfolio of leading companies in the technology, consumer discretionary, and healthcare sectors, among others. Microsoft (MSFT), with a weight of 8.63%, is a significant holding, reflecting QQQM's exposure to established tech giants. Similarly, Apple Inc (AAPL) and Nvidia Corporation (NVDA) contribute 8.07% and 6.37%, respectively, showcasing QQQM's focus on innovative companies driving market growth.
Amazon.Com, Inc. (AMZN) and Broadcom Inc. (AVGO) represent QQQM's exposure to e-commerce and semiconductor sectors, contributing 5.42% and 4.61%, respectively. Meta Platforms, Inc. (META), formerly Facebook, adds to QQQM's tech holdings with 4.61%. Alphabet Inc. Class A (GOOGL) and Alphabet Inc. Class C (GOOG) diversify QQQM's tech exposure, each around 2.80%.
Beyond tech, Costco Wholesale Corp. (COST) represents consumer defensive stocks in QQQM's portfolio at 2.49%, showcasing a balanced approach. Tesla Motors (TSLA), with 2.39%, adds volatility and growth potential to the mix.
Overall, QQQM's sector allocation reflects a strong emphasis on technology, accounting for 49.74% of the portfolio, followed by communication services at 15.86% and consumer cyclical at 15.35%. This allocation strategy aligns with QQQM's goal of capturing growth opportunities in innovative sectors while maintaining diversification.
Top 10 Holdings
As of May 15, 2024, the top 10 holdings of the Invesco NASDAQ 100 ETF (QQQM) are:
| Name | Weight |
|---|---|
| Microsoft | 8.63% |
| Apple Inc | 8.07% |
| Nvidia Corporation | 6.37% |
| Amazon.Com, Inc. | 5.42% |
| Broadcom Inc. | 4.61% |
| Meta Platforms, Inc. | 4.61% |
| Alphabet Inc. Class A | 2.80% |
| Alphabet Inc. Class C | 2.72% |
| Costco Wholesale Corp. | 2.49% |
| Tesla Motors | 2.39% |
Asset Allocation
The Invesco NASDAQ 100 ETF (QQQM) has the following asset allocation as of May 15, 2024:
| Sector | Weight |
|---|---|
| Technology | 49.74% |
| Communication Services | 15.86% |
| Consumer Cyclical | 15.35% |
| Healthcare | 6.43% |
| Industrials | 4.63% |
| Consumer Defensive | 3.83% |
| Basic Materials | 1.52% |
| Utilities | 1.34% |
| Financial | 0.50% |
| Energy | 0.50% |
| Real Estate | 0.26% |
| General | 0.04% |
Dividend Yield and Distribution History
| Section | Details |
|---|---|
QQQM Dividend Data |
The Invesco NASDAQ 100 ETF (QQQM) pays dividends on a quarterly basis. The most recent ex-dividend date was on March 22, 2024, with a dividend payment of $0.66 per share on March 28, 2024. |
QQQM Dividend Yield |
As of March 22, 2024, the dividend yield for QQQM is 0.54%. This means that for every $100 invested in the ETF, investors would receive $0.54 in dividends per year, assuming the yield remains constant. |
QQQM Dividend History |
QQQM has a history of paying quarterly dividends. The dividend payments may vary based on the performance of the underlying stocks held by the ETF. |
QQQM Dividend Growth |
QQQM's dividend payments are influenced by the dividend growth and performance of the underlying stocks in the ETF's portfolio. The ETF focuses on companies with potential for dividend growth, but dividend growth is not guaranteed. |
QQQM Dividend Stability |
QQQM aims to provide a relatively stable income stream by investing in dividend-paying stocks of companies in the NASDAQ 100 Index. However, dividend payments are subject to market conditions and the performance of the ETF's holdings. |
QQQM - Chart
QQQM - Comparative Analysis
Let's compare QQQM with prominent competitors, focusing on key aspects like performance, fees, and strategy: (as of May 2024)
| QQQM | QQQ | ONEQ | |
|---|---|---|---|
| Investment Focus | Tracks the performance of the NASDAQ-100 Index | Tracks the performance of the NASDAQ-100 Index | Tracks the performance of the NASDAQ Composite Index |
| Current Yield | 0.54% | 0.52% | 1.34% |
| Expense Ratio | 0.15% | 0.20% | 0.21% |
| Investment Strategy | Passively tracks the NASDAQ-100 Index | Passively tracks the NASDAQ-100 Index | Passively tracks the NASDAQ Composite Index |
| Strengths | Focuses on technology and growth companies, potential for high returns | Focuses on technology and growth companies, similar to QQQM | Broad exposure to NASDAQ-listed companies |
| Weaknesses | Potential for higher volatility due to sector concentration | Potential for higher volatility due to sector concentration | Less focused on specific sectors like technology and growth |
Dividend History (Last 5 distributions)
| Ex-Dividend Date | Cash Amount | Record Date | Pay Date |
|---|---|---|---|
| Mar 18, 2024 | $0.35 | Mar 19, 2024 | Mar 22, 2024 |
| Dec 18, 2023 | $0.38 | Dec 19, 2023 | Dec 22, 2023 |
| Sep 18, 2023 | $0.24 | Sep 19, 2023 | Sep 22, 2023 |
| Jun 20, 2023 | $0.22 | Jun 21, 2023 | Jun 23, 2023 |
| Mar 20, 2023 | $0.25 | Mar 21, 2023 | Mar 24, 2023 |
News
Technical Analysis
Additional Information and Risks
After analyzing QQQM's dividend performance and dividend yield over time, it is evident that the company's dividend strategy has been relatively stable, with a consistent growth rate in dividend payout per share. Investors have benefited from QQQM's dividend history showcasing a positive payout history and a reliable payment date.
However, it's essential to note some risks. The decrease in dividend yield range could signal potential challenges, impacting the dividend.com rating and investor sentiment. Changes in distribution policies or distribution fees might also affect QQQM's dividend yield and overall performance.
QQQM's dividend data and overview point to a well-managed fundamental profile, but investors should stay updated on next dividend announcements and ex-dividend dates. ETF dividend history metrics like current dividend and latest dividend are crucial for making informed decisions.
Investors should also consider external factors such as market volatility, security of distribution, and management fees, including any potential impact from Barclays or component changes. Regularly reviewing latest news and insights can provide valuable insight into QQQM's dividend summary and performance.