Alta Wealth Advisors LLC Purchases New Stake in Invesco NASDAQ 100 ETF $QQQM

Alta Wealth Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,473 shares of the company’s stock, valued at approximately $611,000.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQM. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $393,000. Capstone Wealth Management Group LLC increased its stake 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 valued at $7,129,000 after buying an additional 3,220 shares during the period. Goldman Sachs Group Inc. lifted 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 in the last quarter. Empowered Funds LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000. Finally, Beacon Capital Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 468.4% during the 2nd quarter. Beacon Capital Management LLC now owns 449 shares of the company’s stock valued at $102,000 after buying an additional 370 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.4%

Invesco NASDAQ 100 ETF stock opened at $257.54 on Tuesday. The company’s fifty day simple moving average is $254.00 and its 200-day simple moving average is $246.51. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a market cap of $72.78 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd.

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.