Financial Security Advisor Inc. Makes New $9.31 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Financial Security Advisor Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,821 shares of the company’s stock, valued at approximately $9,313,000. Invesco NASDAQ 100 ETF comprises approximately 1.8% of Financial Security Advisor Inc.’s holdings, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stephens Inc. AR boosted its stake in Invesco NASDAQ 100 ETF by 64.1% during the fourth quarter. Stephens Inc. AR now owns 3,038 shares of the company’s stock worth $768,000 after buying an additional 1,187 shares during the last quarter. AlphaCore Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 11,406.1% during the fourth quarter. AlphaCore Capital LLC now owns 18,870 shares of the company’s stock worth $4,773,000 after buying an additional 18,706 shares during the last quarter. AMJ Financial Wealth Management acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $322,000. IMG Wealth Management Inc. boosted its stake in Invesco NASDAQ 100 ETF by 72,456.0% during the fourth quarter. IMG Wealth Management Inc. now owns 18,139 shares of the company’s stock worth $4,588,000 after buying an additional 18,114 shares during the last quarter. Finally, Blue Water Asset Management acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $877,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $291.89 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $208.18 and a fifty-two week high of $297.29. The stock’s fifty day moving average is $258.72 and its two-hundred day moving average is $255.37. The firm has a market capitalization of $87.62 billion, a P/E ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.4%.

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.