GPS Wealth Strategies Group LLC Acquires 3,264 Shares of Invesco NASDAQ 100 ETF $QQQM

GPS Wealth Strategies Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,241 shares of the company’s stock after purchasing an additional 3,264 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.8% of GPS Wealth Strategies Group LLC’s investment portfolio, making the stock its 13th largest position. GPS Wealth Strategies Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,617,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Jackson Hole Capital Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $25,000. Wolff Wiese Magana LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $26,000. Trust Co. of Toledo NA OH purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $28,000. Pflug Koory LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $32,000. Finally, PrairieView Partners LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $260.76 on Thursday. The business’s 50 day moving average price is $254.56 and its 200-day moving average price is $246.84. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The company has a market cap of $73.60 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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

About Invesco NASDAQ 100 ETF

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.