Flagship Private Wealth LLC Acquires 3,106 Shares of Invesco NASDAQ 100 ETF $QQQM

Flagship Private Wealth LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.5% during the 4th quarter, HoldingsChannel reports. The fund owned 11,396 shares of the company’s stock after buying an additional 3,106 shares during the period. Invesco NASDAQ 100 ETF comprises 1.1% of Flagship Private Wealth LLC’s portfolio, making the stock its 23rd biggest holding. Flagship Private Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Bright Futures Wealth Management LLC. bought a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at $617,000. Bank Hapoalim BM purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $35,091,000. Aspire Growth Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock valued at $6,166,000 after acquiring an additional 2,747 shares during the last quarter. Drake & Associates LLC grew its holdings in shares of 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 purchasing an additional 2,268 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of 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 purchasing an additional 3,275 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $292.82 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $200.17 and a 1-year high of $292.82. The company has a market capitalization of $87.90 billion, a P/E ratio of 31.95 and a beta of 1.21. The firm’s 50 day simple moving average is $253.61 and its 200 day simple moving average is $253.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 annualized dividend and a yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

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.