Petix & Botte Co Raises Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Petix & Botte Co raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,186 shares of the company’s stock after purchasing an additional 4,545 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 2.3% of Petix & Botte Co’s portfolio, making the stock its 16th largest position. Petix & Botte Co’s holdings in Invesco NASDAQ 100 ETF were worth $10,178,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QQQM. Jackson Hole Capital Partners LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $26,000. New Millennium Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $28,000. Finally, Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $31,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $248.45 on Wednesday. The company’s fifty day moving average price is $252.18 and its 200-day moving average price is $250.86. 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 $71.27 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a $0.323 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 0.5%.

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.