Strategic Advisors LLC Purchases 2,980 Shares of Invesco NASDAQ 100 ETF $QQQM

Strategic Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,792 shares of the company’s stock after buying an additional 2,980 shares during the period. Strategic Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth $25,000. New Millennium Group LLC boosted its stake in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Finally, Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $46,000.

Invesco NASDAQ 100 ETF Stock Up 0.6%

Shares of NASDAQ QQQM opened at $305.82 on Tuesday. The firm has a market cap of $91.80 billion, a PE ratio of 31.95 and a beta of 1.21. The company’s fifty day simple moving average is $269.69 and its 200 day simple moving average is $258.49. Invesco NASDAQ 100 ETF has a 12-month low of $212.46 and a 12-month high of $306.98.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.4%.

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.