Evolution Wealth Management Inc. Has $1.42 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Evolution Wealth Management Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 51,972.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,728 shares of the company’s stock after purchasing an additional 5,717 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 1.5% of Evolution Wealth Management Inc.’s holdings, making the stock its 16th biggest position. Evolution Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,416,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Cypress Wealth Services LLC increased its position in shares of Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after acquiring an additional 41 shares in the last quarter. Base Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 3.9% in the 3rd quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after purchasing an additional 43 shares during the period. Sand Hill Global Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 4.3% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after purchasing an additional 48 shares during the period. Freedom Financial Partners LLC increased its holdings in Invesco NASDAQ 100 ETF by 2.6% during the 2nd quarter. Freedom Financial Partners LLC now owns 2,005 shares of the company’s stock worth $455,000 after purchasing an additional 50 shares in the last quarter. Finally, TrueWealth Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 0.7% in the 3rd quarter. TrueWealth Advisors LLC now owns 6,969 shares of the company’s stock valued at $1,722,000 after purchasing an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $255.45 on Friday. The firm has a market cap of $70.98 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock’s 50-day moving average is $253.62 and its 200-day moving average is $243.73. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.