Arkansas Financial Group Inc. Purchases 2,342 Shares of Invesco NASDAQ 100 ETF $QQQM

Arkansas Financial Group Inc. increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 36.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,773 shares of the company’s stock after buying an additional 2,342 shares during the period. Arkansas Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,219,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Avaii Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 2.8% in the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after buying an additional 40 shares during the period. Cypress Wealth Services LLC boosted its holdings in Invesco NASDAQ 100 ETF by 3.4% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after buying an additional 41 shares during the period. Base Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 3.9% in the 3rd quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after buying an additional 43 shares during the period. Twin Peaks Wealth Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 0.7% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after buying an additional 43 shares during the period. Finally, Modera Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1.2% in the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after buying an additional 46 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $268.22 on Friday. The company has a market capitalization of $79.74 billion, a P/E ratio of 31.95 and a beta of 1.19. The company has a fifty day moving average of $249.04 and a 200 day moving average of $251.95. Invesco NASDAQ 100 ETF has a fifty-two week low of $187.70 and a fifty-two week high of $270.44.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. 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 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.