Signature Estate & Investment Advisors LLC Boosts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Signature Estate & Investment Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,954 shares of the company’s stock after buying an additional 6,946 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,382,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQM. Goldenstone Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $362,000. FourThought Financial Partners LLC raised its position in shares of Invesco NASDAQ 100 ETF by 29.7% during the 4th quarter. FourThought Financial Partners LLC now owns 11,877 shares of the company’s stock worth $3,004,000 after purchasing an additional 2,723 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Invesco NASDAQ 100 ETF by 18.9% during the 4th quarter. Global Retirement Partners LLC now owns 120,329 shares of the company’s stock worth $30,434,000 after purchasing an additional 19,114 shares during the last quarter. Prevail Innovative Wealth Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 21.3% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 38,423 shares of the company’s stock worth $9,718,000 after purchasing an additional 6,754 shares during the last quarter. Finally, Reliant Investment Partners LLC raised its position in shares of Invesco NASDAQ 100 ETF by 7.3% during the 4th quarter. Reliant Investment Partners LLC now owns 9,149 shares of the company’s stock worth $2,314,000 after purchasing an additional 624 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.2%

QQQM opened at $294.21 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $208.18 and a twelve month high of $297.29. The company has a 50-day moving average price of $262.11 and a 200 day moving average price of $256.25. The company has a market cap of $88.32 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.4%.

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.