Prospera Financial Services Inc Increases Stock Position in Invesco NASDAQ 100 ETF $QQQM

Prospera Financial Services Inc increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,469 shares of the company’s stock after acquiring an additional 3,037 shares during the quarter. Prospera Financial Services Inc’s holdings in Invesco NASDAQ 100 ETF were worth $12,492,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jackson Hole Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $25,000. Wolff Wiese Magana LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $26,000. Trust Co. of Toledo NA OH purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $28,000. Mather Group LLC. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $42,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth approximately $43,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $252.93 on Tuesday. The stock has a fifty day moving average price of $255.11 and a 200 day moving average price of $248.21. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a market cap of $72.55 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.