Compass Financial Services Inc Has $14.65 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Compass Financial Services Inc raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 57,912 shares of the company’s stock after buying an additional 1,920 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 6.3% of Compass Financial Services Inc’s holdings, making the stock its 5th biggest position. Compass Financial Services Inc’s holdings in Invesco NASDAQ 100 ETF were worth $14,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $25,000. New Millennium Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd 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. Imprint Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $46,000. Finally, Monetary Solutions Ltd purchased a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $50,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $304.52 on Friday. The firm has a market cap of $91.41 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21. The firm has a 50-day simple moving average of $285.18 and a two-hundred day simple moving average of $262.99.

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 issued 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%.

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.