Financial Advocates Investment Management Has $2.97 Million Position in Invesco NASDAQ 100 ETF $QQQM

Financial Advocates Investment Management lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,012 shares of the company’s stock after selling 4,094 shares during the period. Invesco NASDAQ 100 ETF makes up 1.7% of Financial Advocates Investment Management’s portfolio, making the stock its 19th biggest position. Financial Advocates Investment Management’s holdings in Invesco NASDAQ 100 ETF were worth $2,968,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in QQQM. Bison Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC boosted 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 in the last quarter. Goldman Sachs Group Inc. grew its position in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares during the period. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth $742,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $247.31 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The company’s fifty day moving average is $254.75 and its 200-day moving average is $248.36. The company has a market capitalization of $70.94 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is a boost 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.