Florida Financial Advisors LLC Acquires 7,252 Shares of Invesco NASDAQ 100 ETF $QQQM

Florida Financial Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 71.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,461 shares of the company’s stock after buying an additional 7,252 shares during the quarter. Invesco NASDAQ 100 ETF comprises 1.0% of Florida Financial Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Florida Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $286.58 on Tuesday. The stock’s 50-day simple moving average is $296.41 and its 200 day simple moving average is $269.21. The stock has a market capitalization of $96.75 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $227.00 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.