J.W. Cole Advisors Inc. Has $8.58 Million Stake in Invesco NASDAQ 100 ETF $QQQM

J.W. Cole Advisors Inc. increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,937 shares of the company’s stock after purchasing an additional 2,232 shares during the period. J.W. Cole Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $8,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $393,000. Capstone Wealth Management Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC bought a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Stock Down 4.8%

Shares of Invesco NASDAQ 100 ETF stock opened at $290.35 on Friday. The stock has a market capitalization of $87.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a twelve month low of $215.55 and a twelve month high of $308.21. The company has a 50-day simple moving average of $274.56 and a two-hundred day simple moving average of $259.83.

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 given a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company 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.