Invesco NASDAQ 100 ETF $QQQM Shares Purchased by IFP Advisors Inc

IFP Advisors Inc boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 54.3% during the 4th quarter, Holdings Channel reports. The fund owned 24,476 shares of the company’s stock after acquiring an additional 8,614 shares during the quarter. IFP Advisors Inc’s holdings in Invesco NASDAQ 100 ETF were worth $6,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Avaii Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after acquiring an additional 43 shares during the last quarter. Archer Investment Corp grew its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after acquiring an additional 44 shares during the last quarter. Modera Wealth Management LLC grew its position in Invesco NASDAQ 100 ETF by 1.2% in the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after buying an additional 46 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. grew its position in Invesco NASDAQ 100 ETF by 4.6% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after buying an additional 47 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $293.63 on Thursday. The firm has a market cap of $88.14 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 1-year low of $208.18 and a 1-year high of $297.29. The firm’s fifty day moving average price is $261.23 and its 200 day moving average price is $256.01.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd. 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.