Spartan Wealth Advisory Services LLC Acquires New Shares in Invesco NASDAQ 100 ETF $QQQM

Spartan Wealth Advisory Services LLC acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,225 shares of the company’s stock, valued at approximately $2,192,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after purchasing an additional 3,005,140 shares during the period. Principia Wealth Advisory LLC raised its holdings in Invesco NASDAQ 100 ETF by 1,615.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after buying an additional 899,154 shares during the period. Bouchey Financial Group Ltd raised its holdings in Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after buying an additional 587,107 shares during the period. Meitav Investment House Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 25.3% in the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after buying an additional 520,102 shares during the period. Finally, Royal Bank of Canada lifted its position in Invesco NASDAQ 100 ETF by 62.9% in the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock valued at $325,458,000 after buying an additional 497,004 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $286.31 on Friday. The firm has a market cap of $96.50 billion, a PE ratio of 31.95 and a beta of 1.22. The company has a 50-day moving average of $296.55 and a two-hundred day moving average of $268.89. Invesco NASDAQ 100 ETF has a 1-year low of $227.00 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

About Invesco NASDAQ 100 ETF

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.