C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 45.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,658 shares of the company’s stock after buying an additional 20,932 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 1.0% of C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ investment portfolio, making the stock its 25th largest holding. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Invesco NASDAQ 100 ETF were worth $16,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQM. Trust Co. of Toledo NA OH lifted its stake in Invesco NASDAQ 100 ETF by 291.3% during the 4th quarter. Trust Co. of Toledo NA OH now owns 450 shares of the company’s stock valued at $114,000 after acquiring an additional 335 shares in the last quarter. Sheets Smith Wealth Management grew its stake in shares of Invesco NASDAQ 100 ETF by 5.0% in the 4th quarter. Sheets Smith Wealth Management now owns 1,127 shares of the company’s stock worth $285,000 after acquiring an additional 54 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $125,000. Analyst IMS Investment Management Services Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 14.3% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 52,990 shares of the company’s stock valued at $13,403,000 after purchasing an additional 6,637 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $12,406,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $240.86 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The firm’s 50-day simple moving average is $247.90 and its 200 day simple moving average is $250.80. The stock has a market cap of $69.45 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.