Tennessee Valley Asset Management Partners Invests $4.79 Million in Invesco NASDAQ 100 ETF $QQQM

Tennessee Valley Asset Management Partners purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,401 shares of the company’s stock, valued at approximately $4,794,000. Invesco NASDAQ 100 ETF accounts for 0.7% of Tennessee Valley Asset Management Partners’ portfolio, making the stock its 29th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after buying an additional 1,715,025 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Invesco NASDAQ 100 ETF by 0.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after acquiring an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco NASDAQ 100 ETF by 14.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,366,746 shares of the company’s stock worth $764,588,000 after purchasing an additional 433,686 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Invesco NASDAQ 100 ETF by 25.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after purchasing an additional 469,957 shares during the period. Finally, Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $538,021,000.

Invesco NASDAQ 100 ETF Stock Down 0.0%

Shares of NASDAQ QQQM opened at $250.24 on Thursday. The stock has a market capitalization of $71.78 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The firm has a 50-day moving average price of $252.79 and a 200 day moving average price of $250.46.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.