Savvy Advisors Inc. Increases Stock Position in Invesco NASDAQ 100 ETF $QQQM

Savvy Advisors Inc. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 67.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,490 shares of the company’s stock after acquiring an additional 4,648 shares during the quarter. Savvy Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 3.2% in the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock worth $2,764,042,000 after purchasing an additional 350,190 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd raised its stake in Invesco NASDAQ 100 ETF by 0.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after buying an additional 22,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Invesco NASDAQ 100 ETF by 6.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock valued at $889,313,000 after buying an additional 231,965 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.9% during the 3rd quarter. Raymond James Financial Inc. now owns 2,623,734 shares of the company’s stock valued at $648,377,000 after buying an additional 146,401 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 22.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after buying an additional 422,032 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $240.86 on Monday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The company has a market cap of $69.44 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s fifty day moving average price is $247.90 and its 200-day moving average price is $250.91.

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 issued a $0.3277 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend 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.