Fort Washington Investment Advisors Inc. OH Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Fort Washington Investment Advisors Inc. OH bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,859 shares of the company’s stock, valued at approximately $1,229,000.

Other hedge funds have also modified their holdings of the company. SMI Advisory Services LLC raised its position in Invesco NASDAQ 100 ETF by 624.5% in the 4th quarter. SMI Advisory Services LLC now owns 25,683 shares of the company’s stock worth $6,632,000 after purchasing an additional 22,138 shares during the last quarter. Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $46,000. BostonPremier Wealth LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 38.3% in the 4th quarter. BostonPremier Wealth LLC now owns 1,353 shares of the company’s stock valued at $342,000 after buying an additional 375 shares during the period. Well Done LLC raised its position in shares of Invesco NASDAQ 100 ETF by 7.3% during the fourth quarter. Well Done LLC now owns 4,048 shares of the company’s stock worth $1,024,000 after acquiring an additional 275 shares during the last quarter. Finally, First Financial Corp IN raised its position in shares of Invesco NASDAQ 100 ETF by 8.6% during the fourth quarter. First Financial Corp IN now owns 8,267 shares of the company’s stock worth $2,091,000 after acquiring an additional 654 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.9%

Shares of QQQM opened at $231.61 on Friday. The stock’s fifty day simple moving average is $249.54 and its 200-day simple moving average is $250.98. The firm has a market capitalization of $66.44 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.6%. This is an increase 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.