Destiny Capital Corp CO Makes New $2.92 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Destiny Capital Corp CO bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,531 shares of the company’s stock, valued at approximately $2,916,000. Invesco NASDAQ 100 ETF comprises about 1.5% of Destiny Capital Corp CO’s holdings, making the stock its 12th biggest position.

A number of other hedge funds have also bought and sold shares of QQQM. Bison Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $393,000. Capstone Wealth Management Group LLC raised its position in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares during the last quarter. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth about $742,000. Finally, Valeo Financial Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $251.60 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $176.19 and a fifty-two week high of $262.23. The business has a 50-day simple moving average of $246.77 and a two-hundred day simple moving average of $250.95. The firm has a market cap of $73.20 billion, a price-to-earnings ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF Company 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.