Lido Advisors LLC Grows Stake in Invesco NASDAQ 100 ETF $QQQM

Lido Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 113.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,004 shares of the company’s stock after buying an additional 59,006 shares during the quarter. Lido Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $27,431,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in QQQM. Cypress Wealth Services LLC lifted its stake in Invesco NASDAQ 100 ETF by 3.4% in the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after acquiring an additional 41 shares during the period. Base Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 3.9% during the 3rd quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after purchasing an additional 43 shares during the period. Twin Peaks Wealth Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 0.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after purchasing an additional 43 shares during the period. Modera Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 1.2% in the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after purchasing an additional 46 shares in the last quarter. Finally, Sand Hill Global Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 4.3% in the 2nd 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 in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.1%

NASDAQ:QQQM opened at $247.17 on Tuesday. The company has a 50-day moving average price of $252.35 and a 200-day moving average price of $250.76. The stock has a market cap of $70.90 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were paid a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. 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%.

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.