Avise Financial Cooperative Inc. Invests $2.73 Million in Invesco NASDAQ 100 ETF $QQQM

Avise Financial Cooperative Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,790 shares of the company’s stock, valued at approximately $2,729,000. Invesco NASDAQ 100 ETF makes up approximately 2.5% of Avise Financial Cooperative Inc.’s investment portfolio, making the stock its 13th biggest position.

Several other hedge funds have also made changes to their positions in the business. Avaii Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares in the last quarter. Archer Investment Corp lifted its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 4.6% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after buying an additional 47 shares during the period. ROSS JOHNSON & Associates LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 23.1% during the third quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock worth $66,000 after buying an additional 50 shares during the period. Finally, Longview Financial Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 5.5% during the fourth quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock worth $248,000 after buying an additional 51 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $304.94 on Friday. The company’s 50 day moving average price is $273.60 and its 200 day moving average price is $259.62. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.26 and a fifty-two week high of $308.21. The firm has a market capitalization of $91.54 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.