Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Acquired by Avaii Wealth Management LLC

Avaii Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,735 shares of the company’s stock after purchasing an additional 292 shares during the period. Avaii Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $335,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQM. Raymond James Financial Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $374,557,000. Invesco Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after purchasing an additional 1,170,093 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $158,702,000. FMR LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 46.5% during the fourth quarter. FMR LLC now owns 2,261,812 shares of the company’s stock worth $478,521,000 after purchasing an additional 717,591 shares in the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in shares of Invesco NASDAQ 100 ETF by 30.1% during the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock worth $648,817,000 after purchasing an additional 713,000 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.3%

NASDAQ QQQM opened at $216.94 on Friday. The company’s fifty day simple moving average is $202.80 and its 200-day simple moving average is $206.99. The stock has a market cap of $46.28 billion, a P/E ratio of 32.67 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3176 dividend. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.