jvl associates llc Boosts Stock Position in Invesco NASDAQ 100 ETF $QQQM

jvl associates llc boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,430 shares of the company’s stock after buying an additional 5,229 shares during the period. Invesco NASDAQ 100 ETF makes up about 1.5% of jvl associates llc’s investment portfolio, making the stock its 12th largest holding. jvl associates llc’s holdings in Invesco NASDAQ 100 ETF were worth $4,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Jackson Hole Capital Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $26,000. New Millennium Group LLC raised its position 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 worth $27,000 after purchasing an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $28,000. Finally, Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $242.07 on Tuesday. The company has a market capitalization of $69.44 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company’s 50-day moving average is $251.03 and its 200 day moving average is $251.08.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be paid a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, March 23rd.

Invesco NASDAQ 100 ETF 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.