Northbridge Financial Group LLC Acquires New Position in Invesco NASDAQ 100 ETF $QQQM

Northbridge Financial Group LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,944 shares of the company’s stock, valued at approximately $492,000.

A number of other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC grew its position in Invesco NASDAQ 100 ETF by 30.9% in the fourth quarter. Larson Financial Group LLC now owns 6,539 shares of the company’s stock worth $1,654,000 after acquiring an additional 1,544 shares during the period. AAF Wealth Management LLC grew its position in Invesco NASDAQ 100 ETF by 6.3% in the fourth quarter. AAF Wealth Management LLC now owns 104,860 shares of the company’s stock worth $26,521,000 after acquiring an additional 6,257 shares during the period. Csenge Advisory Group grew its position in Invesco NASDAQ 100 ETF by 7.6% in the fourth quarter. Csenge Advisory Group now owns 6,520 shares of the company’s stock worth $1,649,000 after acquiring an additional 462 shares during the period. Warner Group LLC grew its position in Invesco NASDAQ 100 ETF by 5.7% in the fourth quarter. Warner Group LLC now owns 18,341 shares of the company’s stock worth $4,639,000 after acquiring an additional 985 shares during the period. Finally, HighTower Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 25.0% in the fourth quarter. HighTower Advisors LLC now owns 384,040 shares of the company’s stock worth $97,131,000 after acquiring an additional 76,802 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $288.84 on Wednesday. The firm has a market capitalization of $86.70 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a fifty-two week low of $208.18 and a fifty-two week high of $297.29. The stock has a 50 day moving average of $260.36 and a 200 day moving average of $255.75.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

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.