Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Zhang Financial LLC

Zhang Financial LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,345 shares of the company’s stock after buying an additional 2,232 shares during the quarter. Zhang Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jackson Hole Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $26,000. New Millennium Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $28,000. Finally, Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Stock Up 1.1%

QQQM stock opened at $250.31 on Wednesday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The stock has a market cap of $71.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a fifty day moving average of $253.68 and a two-hundred day moving average of $249.47.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. 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 dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

About Invesco NASDAQ 100 ETF

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.