BKM Wealth Management LLC Takes Position in Invesco NASDAQ 100 ETF $QQQM

BKM Wealth Management LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,676 shares of the company’s stock, valued at approximately $3,459,000. Invesco NASDAQ 100 ETF accounts for 1.3% of BKM Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coquina Private Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $3,874,000. Strategent Financial LLC raised its stake in Invesco NASDAQ 100 ETF by 7.3% during the fourth quarter. Strategent Financial LLC now owns 43,503 shares of the company’s stock valued at $11,003,000 after buying an additional 2,952 shares during the last quarter. Obermeyer Wealth Partners raised its stake in Invesco NASDAQ 100 ETF by 26.2% during the fourth quarter. Obermeyer Wealth Partners now owns 2,357 shares of the company’s stock valued at $596,000 after buying an additional 489 shares during the last quarter. TBH Global Asset Management LLC raised its stake in Invesco NASDAQ 100 ETF by 206.8% during the fourth quarter. TBH Global Asset Management LLC now owns 6,287 shares of the company’s stock valued at $1,590,000 after buying an additional 4,238 shares during the last quarter. Finally, Segment Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at $4,585,000.

Invesco NASDAQ 100 ETF Trading Up 1.9%

Shares of NASDAQ:QQQM opened at $273.38 on Friday. The stock has a fifty day simple moving average of $249.55 and a two-hundred day simple moving average of $252.13. The stock has a market capitalization of $81.50 billion, a price-to-earnings ratio of 31.95 and a beta of 1.19. Invesco NASDAQ 100 ETF has a 12-month low of $190.43 and a 12-month high of $273.56.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. 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%.

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.