Strategic Advisors LLC Purchases 2,982 Shares of Invesco NASDAQ 100 ETF $QQQM

Strategic Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,812 shares of the company’s stock after purchasing an additional 2,982 shares during the period. Strategic Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQM. E Fund Management Hong Kong Co. Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 1,473.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after buying an additional 5,333 shares during the period. Evolution Wealth Management Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 51,972.7% during the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after buying an additional 5,717 shares during the period. Boyum Wealth Architects LLC boosted its position in Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after acquiring an additional 2,523 shares in the last quarter. Brookstone Capital Management boosted its position in Invesco NASDAQ 100 ETF by 49.7% during the 3rd quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after acquiring an additional 24,904 shares in the last quarter. Finally, Bank Hapoalim BM purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $35,091,000.

Invesco NASDAQ 100 ETF Trading Up 0.4%

QQQM opened at $260.76 on Thursday. The firm has a market cap of $73.60 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a fifty day moving average price of $254.56 and a 200-day moving average price of $246.84.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF Company 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.