Invesco NASDAQ 100 ETF $QQQM is Global Wealth Strategies & Associates’ 4th Largest Position

Global Wealth Strategies & Associates reduced its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,445 shares of the company’s stock after selling 3,722 shares during the quarter. Invesco NASDAQ 100 ETF makes up 6.7% of Global Wealth Strategies & Associates’ investment portfolio, making the stock its 4th biggest holding. Global Wealth Strategies & Associates’ holdings in Invesco NASDAQ 100 ETF were worth $26,922,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $285,000. Vestwell Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $51,000. Allworth Financial LP boosted its holdings in Invesco NASDAQ 100 ETF by 67.8% in the third quarter. Allworth Financial LP now owns 9,816 shares of the company’s stock valued at $2,426,000 after purchasing an additional 3,965 shares in the last quarter. Stillwater Wealth Management Group purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $480,000. Finally, LWM Advisory Services LLC increased its stake in Invesco NASDAQ 100 ETF by 2.0% in the third quarter. LWM Advisory Services LLC now owns 10,587 shares of the company’s stock valued at $2,616,000 after purchasing an additional 212 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.4%

QQQM stock opened at $244.92 on Thursday. The stock has a market cap of $70.25 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The company’s 50 day moving average is $251.94 and its two-hundred day moving average is $250.82.

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 dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.29 annualized dividend and a 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.