Integrated Wealth Concepts LLC Purchases 25,689 Shares of Invesco NASDAQ 100 ETF $QQQM

Integrated Wealth Concepts LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 279,434 shares of the company’s stock after buying an additional 25,689 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 0.6% of Integrated Wealth Concepts LLC’s investment portfolio, making the stock its 28th largest holding. Integrated Wealth Concepts LLC’s holdings in Invesco NASDAQ 100 ETF were worth $69,054,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Jackson Hole Capital Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $26,000. New Millennium Group LLC increased its stake 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 buying an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $28,000. Finally, Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000.

Invesco NASDAQ 100 ETF Stock Down 0.6%

Shares of NASDAQ QQQM opened at $244.45 on Monday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The firm’s 50-day simple moving average is $252.49 and its 200 day simple moving average is $250.70. The company has a market cap of $70.12 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd.

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.