Smith Chas P & Associates PA Cpas Grows Holdings in Invesco NASDAQ 100 ETF $QQQM

Smith Chas P & Associates PA Cpas increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 71.3% in the 4th quarter, HoldingsChannel reports. The fund owned 145,736 shares of the company’s stock after buying an additional 60,668 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.9% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 24th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Invesco NASDAQ 100 ETF were worth $36,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PSI Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 4.9% in the 4th quarter. PSI Advisors LLC now owns 5,388 shares of the company’s stock worth $1,363,000 after acquiring an additional 250 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $1,614,000. Expressive Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $244,000. Roundview Capital LLC increased its holdings in Invesco NASDAQ 100 ETF by 5.7% in the 4th quarter. Roundview Capital LLC now owns 51,524 shares of the company’s stock worth $13,032,000 after acquiring an additional 2,762 shares in the last quarter. Finally, Integrity Alliance LLC. increased its holdings in Invesco NASDAQ 100 ETF by 20.2% in the 4th quarter. Integrity Alliance LLC. now owns 2,312 shares of the company’s stock worth $585,000 after acquiring an additional 389 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.1%

Invesco NASDAQ 100 ETF stock opened at $300.38 on Thursday. The firm has a 50 day moving average of $266.19 and a 200 day moving average of $257.44. The firm has a market capitalization of $90.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 12-month low of $210.80 and a 12-month high of $301.82.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.