Principia Wealth Advisory LLC Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

Principia Wealth Advisory LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,615.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 954,798 shares of the company’s stock after buying an additional 899,154 shares during the period. Invesco NASDAQ 100 ETF makes up about 62.7% of Principia Wealth Advisory LLC’s investment portfolio, making the stock its largest position. Principia Wealth Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $241,488,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $25,000. New Millennium Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the period. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Finally, Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $46,000.

Invesco NASDAQ 100 ETF Trading Up 0.8%

QQQM opened at $302.85 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $210.80 and a 1-year high of $303.26. The stock has a market capitalization of $90.91 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The business has a 50 day moving average of $267.28 and a 200-day moving average of $257.80.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. 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%. The ex-dividend date of this dividend was 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.