Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Financial Enhancement Group LLC

Financial Enhancement Group LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.9% during the 1st quarter, HoldingsChannel reports. The firm owned 43,305 shares of the company’s stock after buying an additional 4,947 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.3% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 27th largest position. Financial Enhancement Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bright Futures Wealth Management LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $617,000. Nicholas Wealth LLC. bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $1,164,000. Bank of New York Mellon Corp lifted its position 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 worth $211,423,000 after purchasing an additional 62,705 shares during the period. Blue Edge Capital LLC lifted its position 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 worth $5,702,000 after purchasing an additional 5,309 shares during the period. Finally, EdgeRock Capital LLC lifted its position 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 worth $39,104,000 after purchasing an additional 3,809 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $292.05 on Thursday. Invesco NASDAQ 100 ETF has a 1 year low of $222.07 and a 1 year high of $308.21. The firm has a market cap of $87.67 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock has a fifty day moving average price of $288.94 and a two-hundred day moving average price of $264.19.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be issued a $0.3522 dividend. The ex-dividend date is Monday, June 22nd. This represents a $1.41 annualized dividend 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.