Tennessee Valley Asset Management Partners Acquires New Shares in Invesco NASDAQ 100 ETF $QQQM

Tennessee Valley Asset Management Partners bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 19,401 shares of the company’s stock, valued at approximately $4,794,000. Invesco NASDAQ 100 ETF accounts for 0.7% of Tennessee Valley Asset Management Partners’ investment portfolio, making the stock its 29th biggest position.

A number of other hedge funds have also modified their holdings of QQQM. Basso Capital Management L.P. raised its holdings in Invesco NASDAQ 100 ETF by 45.8% in the 3rd quarter. Basso Capital Management L.P. now owns 7,920 shares of the company’s stock valued at $1,957,000 after buying an additional 2,489 shares during the period. FourThought Financial Partners LLC boosted its stake in Invesco NASDAQ 100 ETF by 19.3% during the third quarter. FourThought Financial Partners LLC now owns 9,154 shares of the company’s stock worth $2,262,000 after buying an additional 1,484 shares during the period. Evensky & Katz LLC increased its position in shares of Invesco NASDAQ 100 ETF by 17.5% during the third quarter. Evensky & Katz LLC now owns 34,749 shares of the company’s stock valued at $8,587,000 after acquiring an additional 5,165 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 87.1% during the third quarter. Russell Investments Group Ltd. now owns 1,383 shares of the company’s stock valued at $342,000 after acquiring an additional 644 shares during the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Invesco NASDAQ 100 ETF by 171.1% in the 3rd quarter. Schroder Investment Management Group now owns 208,184 shares of the company’s stock valued at $51,313,000 after acquiring an additional 131,398 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $250.24 on Thursday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a 50 day moving average price of $252.79 and a 200 day moving average price of $250.46. The stock has a market capitalization of $71.78 billion, a P/E ratio of 31.95 and a beta of 1.16.

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 issued a dividend of $0.323 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd. This represents a $1.29 annualized dividend and a 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.