Blue Water Asset Management Makes New $877,000 Investment in Invesco NASDAQ 100 ETF $QQQM

Blue Water Asset Management acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,469 shares of the company’s stock, valued at approximately $877,000.

Several other hedge funds have also bought and sold shares of QQQM. Jackson Hole Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $25,000. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $26,000. New Millennium Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 671.4% during 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 in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $291.89 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.29. The firm has a market capitalization of $87.62 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The business’s 50 day moving average price is $258.72 and its 200-day moving average price is $255.37.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. 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 0.4%.

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.