Asset One Wealth Management LLC Takes $17.97 Million Position in Invesco NASDAQ 100 ETF $QQQM

Asset One Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,686 shares of the company’s stock, valued at approximately $17,966,000. Invesco NASDAQ 100 ETF accounts for about 2.5% of Asset One Wealth Management LLC’s portfolio, making the stock its 6th biggest holding.

Several other large investors have also made changes to their positions in the company. Avaii Wealth Management LLC lifted 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 buying an additional 40 shares during the period. Archer Investment Corp lifted its stake in Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after buying an additional 44 shares during the period. Jacobi Capital Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after buying an additional 44 shares during the period. Foresight Capital Management Advisors Inc. lifted its stake in Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after buying an additional 47 shares during the period. Finally, Motiv8 Investments LLC lifted its stake in Invesco NASDAQ 100 ETF by 0.5% in the fourth quarter. Motiv8 Investments LLC now owns 9,410 shares of the company’s stock valued at $2,380,000 after buying an additional 47 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 1.0%

NASDAQ:QQQM opened at $297.57 on Thursday. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21. The business’s 50-day moving average price is $283.94 and its two-hundred day moving average price is $262.64. The firm has a market capitalization of $89.32 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared 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 an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis 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.