Dogwood Wealth Management LLC Acquires 2,377 Shares of Invesco NASDAQ 100 ETF $QQQM

Dogwood Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,544 shares of the company’s stock after purchasing an additional 2,377 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 4.8% of Dogwood Wealth Management LLC’s portfolio, making the stock its 4th biggest position. Dogwood Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,513,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after buying an additional 41 shares in the last quarter. Base Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after acquiring an additional 43 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 0.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after acquiring an additional 43 shares during the last quarter. Modera Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after acquiring an additional 46 shares in the last quarter. Finally, Sand Hill Global Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.3% during the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after purchasing an additional 48 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $253.83 on Thursday. The company has a market capitalization of $72.81 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock has a 50-day simple moving average of $253.81 and a 200-day simple moving average of $249.50.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.323 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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.