Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 40,795 shares of the company’s stock after acquiring an additional 3,848 shares during the period. Sowell Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC raised its position in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after purchasing an additional 40 shares during the period. Cypress Wealth Services LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% during the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after purchasing an additional 41 shares during the period. Base Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 3.9% during 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. Twin Peaks Wealth Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 0.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after purchasing an additional 43 shares during the last quarter. Finally, Modera Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 1.2% during the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after purchasing an additional 46 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $240.86 on Monday. The company’s 50-day moving average price is $247.90 and its 200 day moving average price is $250.91. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The firm has a market cap of $69.44 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared 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. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

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.