Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,179 shares of the company’s stock after acquiring an additional 4,987 shares during the period. Independent Advisor Alliance’s holdings in Invesco NASDAQ 100 ETF were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $26,000. Trust Co. of Toledo NA OH acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $28,000. PrairieView Partners LLC grew its stake in Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $42,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $256.05 on Monday. The company’s 50 day simple moving average is $255.19 and its two-hundred day simple moving average is $247.36. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The firm has a market capitalization of $72.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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