BankPlus Wealth Management LLC Raises Stake in Invesco NASDAQ 100 ETF $QQQM

BankPlus Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 36.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,815 shares of the company’s stock after purchasing an additional 2,617 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.4% of BankPlus Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. BankPlus Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 62.3% in the third quarter. Chicago Partners Investment Group LLC now owns 3,860 shares of the company’s stock valued at $1,006,000 after buying an additional 1,481 shares in the last quarter. Rolek Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 175.9% in the 3rd quarter. Rolek Wealth Management LLC now owns 19,004 shares of the company’s stock worth $4,696,000 after acquiring an additional 12,116 shares during the period. Global View Capital Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 431.5% in the 3rd quarter. Global View Capital Management LLC now owns 75,277 shares of the company’s stock worth $18,602,000 after acquiring an additional 61,113 shares during the period. Inscription Capital LLC increased its stake in Invesco NASDAQ 100 ETF by 3.7% in the 3rd quarter. Inscription Capital LLC now owns 1,415 shares of the company’s stock valued at $350,000 after purchasing an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings in Invesco NASDAQ 100 ETF by 5.9% during the third quarter. Root Financial Partners LLC now owns 14,404 shares of the company’s stock worth $3,559,000 after purchasing an additional 808 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $250.37 on Wednesday. The company has a market cap of $70.31 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The business’s fifty day moving average is $253.64 and its two-hundred day moving average is $245.73.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.323 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend 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.