Strategic Advisors LLC Boosts Stake in Invesco NASDAQ 100 ETF $QQQM

Strategic Advisors LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,792 shares of the company’s stock after buying an additional 2,980 shares during the period. Strategic Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,259,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. One Capital Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 9.0% during the 4th quarter. One Capital Management LLC now owns 13,733 shares of the company’s stock valued at $3,474,000 after purchasing an additional 1,129 shares during the period. Twin Peaks Wealth Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 11.3% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 6,441 shares of the company’s stock valued at $1,629,000 after purchasing an additional 652 shares in the last quarter. COFG Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $400,000. Main Management Fund Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 25.2% during the 4th quarter. Main Management Fund Advisors LLC now owns 429,200 shares of the company’s stock valued at $108,553,000 after buying an additional 86,400 shares during the last quarter. Finally, Florida Financial Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 10.7% during the 4th quarter. Florida Financial Advisors LLC now owns 10,209 shares of the company’s stock valued at $2,582,000 after buying an additional 984 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.6%

NASDAQ:QQQM opened at $305.82 on Tuesday. The company has a fifty day moving average of $269.69 and a 200 day moving average of $258.49. The firm has a market capitalization of $91.80 billion, a P/E ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52 week low of $212.46 and a 52 week high of $306.98.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued 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 of this dividend 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.