Enclave Advisors LLC Purchases 6,872 Shares of Invesco NASDAQ 100 ETF $QQQM

Enclave Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,446 shares of the company’s stock after purchasing an additional 6,872 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 1.3% of Enclave Advisors LLC’s holdings, making the stock its 22nd biggest holding. Enclave Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,512,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of QQQM. Pflug Koory LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $32,000. PrairieView Partners LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Rosenberg Matthew Hamilton bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $43,000. AlphaCore Capital LLC grew its holdings in Invesco NASDAQ 100 ETF by 850.0% during the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock valued at $43,000 after purchasing an additional 170 shares during the period. Finally, Beacon Capital Management Inc. bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $48,000.

Invesco NASDAQ 100 ETF Trading Up 0.5%

QQQM stock opened at $256.18 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The firm has a market cap of $67.10 billion, a PE ratio of 31.95 and a beta of 1.16. The business’s 50-day moving average price is $253.18 and its two-hundred day moving average price is $240.98.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be given a $0.323 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

Invesco NASDAQ 100 ETF 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.