Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,151 shares of the company’s stock after buying an additional 22,080 shares during the period. Modern Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $22,525,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth about $393,000. Capstone Wealth Management Group LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the period. Empowered Funds LLC acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $742,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Trading Down 1.5%

NASDAQ QQQM opened at $246.97 on Friday. The company has a 50-day moving average price of $253.05 and a two-hundred day moving average price of $249.99. The stock has a market cap of $70.84 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors 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 an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%.

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.