Flagship Private Wealth LLC Acquires 3,106 Shares of Invesco NASDAQ 100 ETF $QQQM

Flagship Private Wealth LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,396 shares of the company’s stock after purchasing an additional 3,106 shares during the quarter. Invesco NASDAQ 100 ETF makes up 1.1% of Flagship Private Wealth LLC’s investment portfolio, making the stock its 23rd largest holding. Flagship Private Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Migdal Insurance & Financial Holdings Ltd. raised its position in Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after acquiring an additional 3,005,140 shares during the period. Vantagepoint Investment Advisers LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $538,021,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 4,547.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock worth $228,467,000 after purchasing an additional 904,626 shares during the last quarter. Bouchey Financial Group Ltd raised its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after purchasing an additional 587,107 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after purchasing an additional 469,957 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 2.3%

Shares of NASDAQ QQQM opened at $292.82 on Friday. The stock has a fifty day simple moving average of $253.61 and a two-hundred day simple moving average of $253.64. Invesco NASDAQ 100 ETF has a 1-year low of $200.17 and a 1-year high of $292.82. The firm has a market cap of $87.90 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

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