Invesco NASDAQ 100 ETF $QQQM Shares Purchased by SMI Advisory Services LLC

SMI Advisory Services LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 624.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,683 shares of the company’s stock after buying an additional 22,138 shares during the quarter. Invesco NASDAQ 100 ETF comprises 1.1% of SMI Advisory Services LLC’s investment portfolio, making the stock its 16th biggest holding. SMI Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,632,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Bank & Trust Co acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth $46,000. BostonPremier Wealth LLC increased its stake in Invesco NASDAQ 100 ETF by 38.3% in the fourth quarter. BostonPremier Wealth LLC now owns 1,353 shares of the company’s stock valued at $342,000 after purchasing an additional 375 shares during the period. Well Done LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 7.3% in the fourth quarter. Well Done LLC now owns 4,048 shares of the company’s stock valued at $1,024,000 after buying an additional 275 shares during the last quarter. First Financial Corp IN raised its holdings in shares of Invesco NASDAQ 100 ETF by 8.6% in the fourth quarter. First Financial Corp IN now owns 8,267 shares of the company’s stock valued at $2,091,000 after buying an additional 654 shares during the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 26.2% during the fourth quarter. Signal Advisors Wealth LLC now owns 26,900 shares of the company’s stock worth $6,803,000 after buying an additional 5,589 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 2.4%

NASDAQ QQQM opened at $236.21 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The business’s 50-day moving average price is $250.02 and its 200 day moving average price is $250.94. The firm has a market cap of $67.75 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

About Invesco NASDAQ 100 ETF

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.