Invesco NASDAQ 100 ETF $QQQM Position Lifted by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,860 shares of the company’s stock after acquiring an additional 7,097 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 10.3% of Future Financial Wealth Managment LLC’s portfolio, making the stock its 2nd biggest position. Future Financial Wealth Managment LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,237,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQM. Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $538,021,000. Bank of Nova Scotia purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $277,718,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 4,547.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock valued at $228,467,000 after acquiring an additional 904,626 shares during the period. Bouchey Financial Group Ltd increased its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock valued at $560,746,000 after acquiring an additional 469,957 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.6%

Shares of NASDAQ:QQQM opened at $242.32 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The business’s fifty day simple moving average is $247.59 and its 200-day simple moving average is $250.89. The company has a market capitalization of $69.86 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.