Asset One Wealth Management LLC Buys New Position in Invesco NASDAQ 100 ETF $QQQM

Asset One Wealth Management LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 69,686 shares of the company’s stock, valued at approximately $17,966,000. Invesco NASDAQ 100 ETF makes up about 2.5% of Asset One Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bright Futures Wealth Management LLC. acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $617,000. Bank of New York Mellon Corp grew its stake in Invesco NASDAQ 100 ETF by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after purchasing an additional 62,705 shares in the last quarter. Nicholas Wealth LLC. bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $1,164,000. Blue Edge Capital LLC grew its stake in Invesco NASDAQ 100 ETF by 29.9% in the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after purchasing an additional 5,309 shares in the last quarter. Finally, EdgeRock Capital LLC grew its stake in Invesco NASDAQ 100 ETF by 2.5% in the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after purchasing an additional 3,809 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.0%

QQQM stock opened at $297.57 on Thursday. The business has a 50 day moving average price of $283.94 and a two-hundred day moving average price of $262.64. The company has a market cap of $89.32 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.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. 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 yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.