Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,430 shares of the company’s stock after purchasing an additional 2,914 shares during the period. Invesco NASDAQ 100 ETF comprises about 0.5% of Journey Strategic Wealth LLC’s portfolio, making the stock its 18th largest holding. Journey Strategic Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $17,652,000 at the end of the most recent quarter.

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

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $250.06 on Monday. The firm has a 50 day simple moving average of $253.73 and a 200-day simple moving average of $249.76. The stock has a market cap of $71.73 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.