Invesco NASDAQ 100 ETF $QQQM Shares Bought by SOL Capital Management CO

SOL Capital Management CO lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,017 shares of the company’s stock after acquiring an additional 5,949 shares during the quarter. Invesco NASDAQ 100 ETF makes up 2.9% of SOL Capital Management CO’s portfolio, making the stock its 2nd biggest holding. SOL Capital Management CO’s holdings in Invesco NASDAQ 100 ETF were worth $31,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Cypress Wealth Services LLC increased its position in Invesco NASDAQ 100 ETF by 3.4% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after purchasing an additional 41 shares during the last quarter. Base Wealth Management LLC raised its position in Invesco NASDAQ 100 ETF by 3.9% during the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after acquiring an additional 43 shares in the last quarter. Sand Hill Global Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 4.3% during the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock valued at $263,000 after acquiring an additional 48 shares in the last quarter. Freedom Financial Partners LLC lifted its stake in Invesco NASDAQ 100 ETF by 2.6% in the second quarter. Freedom Financial Partners LLC now owns 2,005 shares of the company’s stock valued at $455,000 after acquiring an additional 50 shares during the last quarter. Finally, TrueWealth Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 0.7% in the third quarter. TrueWealth Advisors LLC now owns 6,969 shares of the company’s stock worth $1,722,000 after acquiring an additional 50 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.1%

Shares of QQQM opened at $255.71 on Friday. The firm has a market cap of $71.12 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The company’s fifty day moving average is $253.77 and its 200-day moving average is $245.12. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd.

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.