Fiscal Wisdom Wealth Management LLC Invests $1.65 Million in Invesco NASDAQ 100 ETF $QQQM

Fiscal Wisdom Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,624 shares of the company’s stock, valued at approximately $1,651,000. Invesco NASDAQ 100 ETF comprises about 1.6% of Fiscal Wisdom Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors also recently bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 1,473.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after purchasing an additional 5,333 shares in the last quarter. Evolution Wealth Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 51,972.7% during the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after buying an additional 5,717 shares in the last quarter. Boyum Wealth Architects LLC grew its position in Invesco NASDAQ 100 ETF by 12.4% during the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after buying an additional 2,523 shares during the period. Brookstone Capital Management grew its position in Invesco NASDAQ 100 ETF by 49.7% during the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after buying an additional 24,904 shares during the period. Finally, Bank Hapoalim BM purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $35,091,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $249.38 on Thursday. The firm has a 50-day simple moving average of $254.00 and a two-hundred day simple moving average of $248.91. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a market cap of $71.53 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.