Savvy Advisors Inc. Has $503,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Savvy Advisors Inc. lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,608 shares of the company’s stock after purchasing an additional 398 shares during the period. Savvy Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 91.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after acquiring an additional 1,270 shares during the last quarter. Mather Group LLC. lifted its position in Invesco NASDAQ 100 ETF by 80.6% during the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock worth $32,000 after acquiring an additional 75 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $203,000. Northern Trust Corp bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $420,000. Finally, Fifth Third Bancorp increased its holdings in shares of Invesco NASDAQ 100 ETF by 223.5% during the 1st quarter. Fifth Third Bancorp now owns 495 shares of the company’s stock worth $96,000 after purchasing an additional 342 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $236.52 on Friday. The firm’s 50-day moving average is $226.00 and its 200-day moving average is $210.89. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $236.59. The company has a market cap of $56.71 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were paid a $0.3161 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 0.5%.

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.