FSM Wealth Advisors LLC Makes New $1.27 Million Investment in Invesco NASDAQ 100 ETF $QQQM

FSM Wealth Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,032 shares of the company’s stock, valued at approximately $1,273,000.

Several other large investors also recently made changes to their positions in the stock. Jackson Hole Capital Partners LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $25,000. Wolff Wiese Magana LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $26,000. New Millennium Group LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $28,000. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $31,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $251.60 on Monday. The stock has a 50-day simple moving average of $246.77 and a 200 day simple moving average of $250.95. Invesco NASDAQ 100 ETF has a 52-week low of $176.19 and a 52-week high of $262.23. The company has a market cap of $73.20 billion, a PE ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid 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

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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