Modus Advisors LLC Has $14.54 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Modus Advisors LLC decreased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,467 shares of the company’s stock after selling 9,607 shares during the quarter. Invesco NASDAQ 100 ETF makes up 3.8% of Modus Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Modus Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,535,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of QQQM. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $25,000. New Millennium Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $31,000. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $31,000. Finally, Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $46,000.

Invesco NASDAQ 100 ETF Stock Down 4.8%

Shares of Invesco NASDAQ 100 ETF stock opened at $290.35 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $215.55 and a twelve month high of $308.21. The stock has a market cap of $87.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The company’s fifty day moving average is $274.56 and its 200 day moving average is $259.83.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.5%.

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.