Apriem Advisors Has $29.71 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Apriem Advisors boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,226 shares of the company’s stock after buying an additional 2,952 shares during the period. Invesco NASDAQ 100 ETF makes up 2.8% of Apriem Advisors’ investment portfolio, making the stock its 9th biggest holding. Apriem Advisors’ holdings in Invesco NASDAQ 100 ETF were worth $29,710,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compound Planning Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 16.7% in the third quarter. Compound Planning Inc. now owns 1,355 shares of the company’s stock worth $335,000 after acquiring an additional 194 shares during the period. Lowery Thomas LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.9% during the 3rd quarter. Lowery Thomas LLC now owns 45,941 shares of the company’s stock worth $11,353,000 after purchasing an additional 1,279 shares in the last quarter. Clearstead Trust LLC lifted its holdings in Invesco NASDAQ 100 ETF by 15.2% during the 3rd quarter. Clearstead Trust LLC now owns 3,217 shares of the company’s stock worth $795,000 after purchasing an additional 424 shares in the last quarter. Alteri Wealth LLC boosted its stake in Invesco NASDAQ 100 ETF by 11.6% in the 3rd quarter. Alteri Wealth LLC now owns 2,760 shares of the company’s stock worth $682,000 after purchasing an additional 286 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its stake in Invesco NASDAQ 100 ETF by 70.3% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 43,109 shares of the company’s stock worth $10,653,000 after purchasing an additional 17,800 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.2%

Shares of QQQM opened at $247.65 on Tuesday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The stock has a market cap of $71.04 billion, a PE ratio of 31.95 and a beta of 1.16. The business’s 50-day moving average price is $253.71 and its 200-day moving average price is $249.37.

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. The ex-dividend date was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.