Invesco NASDAQ 100 ETF $QQQM Shares Bought by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 649.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,504 shares of the company’s stock after buying an additional 9,102 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.0% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its 15th largest position. Heritage Oak Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of QQQM. Bison Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC grew its position in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the period. Empowered Funds LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth $534,000.

Invesco NASDAQ 100 ETF Trading Up 0.6%

Shares of QQQM stock opened at $242.32 on Tuesday. The company has a market capitalization of $69.86 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The stock’s fifty day simple moving average is $247.59 and its 200-day simple moving average is $250.89.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

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.