Arsenal Capital Advisors LLC Takes Position in Invesco NASDAQ 100 ETF $QQQM

Arsenal Capital Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,973 shares of the company’s stock, valued at approximately $752,000.

Several other institutional investors have also recently modified their holdings of the company. Avaii Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 2.8% during the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after purchasing an additional 40 shares during the last quarter. Archer Investment Corp increased its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after purchasing an additional 44 shares during the last quarter. Foresight Capital Management Advisors Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 4.6% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after purchasing an additional 47 shares during the last quarter. ROSS JOHNSON & Associates LLC increased its position in shares of Invesco NASDAQ 100 ETF by 23.1% during the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after purchasing an additional 50 shares during the last quarter. Finally, Longview Financial Advisors Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 5.5% during the 4th quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock valued at $248,000 after purchasing an additional 51 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 4.8%

Shares of Invesco NASDAQ 100 ETF stock opened at $290.35 on Friday. The firm has a market capitalization of $87.16 billion, a PE ratio of 31.95 and a beta of 1.23. The business’s 50-day moving average price is $274.56 and its 200-day moving average price is $259.83. Invesco NASDAQ 100 ETF has a 12 month low of $215.55 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Invesco NASDAQ 100 ETF 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.