Smith Chas P & Associates PA Cpas Purchases 60,668 Shares of Invesco NASDAQ 100 ETF $QQQM

Smith Chas P & Associates PA Cpas increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 71.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,736 shares of the company’s stock after purchasing an additional 60,668 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.9% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 24th biggest position. Smith Chas P & Associates PA Cpas owned 0.05% of Invesco NASDAQ 100 ETF worth $36,860,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. PSI Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 4.9% in the 4th quarter. PSI Advisors LLC now owns 5,388 shares of the company’s stock worth $1,363,000 after buying an additional 250 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $1,614,000. Expressive Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $244,000. Roundview Capital LLC increased its position in shares of Invesco NASDAQ 100 ETF by 5.7% during the 4th quarter. Roundview Capital LLC now owns 51,524 shares of the company’s stock valued at $13,032,000 after purchasing an additional 2,762 shares during the last quarter. Finally, Integrity Alliance LLC. increased its position in shares of Invesco NASDAQ 100 ETF by 20.2% during the 4th quarter. Integrity Alliance LLC. now owns 2,312 shares of the company’s stock valued at $585,000 after purchasing an additional 389 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.1%

NASDAQ QQQM opened at $300.38 on Thursday. Invesco NASDAQ 100 ETF has a 52 week low of $210.80 and a 52 week high of $301.82. The firm has a market capitalization of $90.17 billion, a P/E ratio of 31.95 and a beta of 1.21. The company has a 50-day moving average price of $266.19 and a 200-day moving average price of $257.44.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.