Evolution Wealth Management Inc. Buys 5,828 Shares of Invesco NASDAQ 100 ETF $QQQM

Evolution Wealth Management Inc. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 78.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 13,258 shares of the company’s stock after acquiring an additional 5,828 shares during the period. Invesco NASDAQ 100 ETF accounts for about 2.3% of Evolution Wealth Management Inc.’s holdings, making the stock its 8th biggest holding. Evolution Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,150,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $393,000. Capstone Wealth Management Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $293.42 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $226.25 and a 1-year high of $308.21. The firm has a fifty day simple moving average of $293.32 and a 200 day simple moving average of $266.06. The stock has a market capitalization of $98.16 billion, a PE ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.