Galvin Gaustad & Stein LLC Invests $1.10 Million in Invesco NASDAQ 100 ETF $QQQM

Galvin Gaustad & Stein LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,434 shares of the company’s stock, valued at approximately $1,096,000.

A number of other large investors have also recently bought and sold shares of the business. Boyum Wealth Architects LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 12.4% in the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after purchasing an additional 2,523 shares during the period. San Luis Wealth Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF in the second quarter worth approximately $1,932,000. Brookstone Capital Management lifted its stake in Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after buying an additional 24,904 shares during the period. Bank of Nova Scotia bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $277,718,000. Finally, Adapt Wealth Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 1.4% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 91,240 shares of the company’s stock worth $20,721,000 after buying an additional 1,303 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.9%

NASDAQ:QQQM opened at $256.69 on Wednesday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The company has a fifty day moving average of $253.77 and a 200-day moving average of $243.56. The firm has a market capitalization of $71.12 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 was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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.