Invesco NASDAQ 100 ETF $QQQM Shares Acquired by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,937 shares of the company’s stock after purchasing an additional 2,232 shares during the period. J.W. Cole Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $8,583,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Bright Futures Wealth Management LLC. acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $617,000. Bank of New York Mellon Corp grew its holdings in Invesco NASDAQ 100 ETF by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after purchasing an additional 62,705 shares during the period. Drake & Associates LLC increased its position in Invesco NASDAQ 100 ETF by 4.7% during the third quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock worth $12,845,000 after buying an additional 2,268 shares during the last quarter. Atria Investments Inc increased its position in Invesco NASDAQ 100 ETF by 6.1% during the third quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock worth $14,093,000 after buying an additional 3,275 shares during the last quarter. Finally, Blue Edge Capital LLC raised its stake in Invesco NASDAQ 100 ETF by 29.9% in the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after buying an additional 5,309 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 4.8%

QQQM opened at $290.35 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The business has a 50 day moving average of $274.56 and a 200-day moving average of $259.83. The stock has a market cap of $87.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.3277 dividend. This is an increase 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 was Monday, March 23rd.

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.