Heritage Oak Wealth Advisors LLC Boosts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Heritage Oak Wealth Advisors LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 649.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,504 shares of the company’s stock after acquiring an additional 9,102 shares during the period. Invesco NASDAQ 100 ETF makes up about 1.0% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 15th largest holding. Heritage Oak Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,657,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares in the last quarter. Cypress Wealth Services LLC increased its stake in Invesco NASDAQ 100 ETF by 3.4% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after buying an additional 41 shares during the period. Base Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 3.9% during the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after purchasing an additional 43 shares in the last quarter. Twin Peaks Wealth Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 0.7% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after buying an additional 43 shares during the period. Finally, Modera Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after acquiring an additional 46 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.6%

Shares of QQQM opened at $242.32 on Tuesday. The firm’s 50-day moving average is $247.59 and its two-hundred day moving average is $250.89. The firm has a market capitalization of $69.86 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis 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.