Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.9% in the third quarter, Holdings Channel reports. The fund owned 30,480 shares of the company’s stock after buying an additional 9,153 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 0.7% of Winthrop Advisory Group LLC’s portfolio, making the stock its 24th biggest holding. Winthrop Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Trust Co. of Toledo NA OH acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $28,000. Pflug Koory LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth $32,000. PrairieView Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Mather Group LLC. purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $42,000. Finally, Rosenberg Matthew Hamilton acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $43,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $258.01 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company has a market cap of $71.69 billion, a P/E ratio of 31.95 and a beta of 1.16. The business’s 50-day simple moving average is $253.60 and its 200-day simple moving average is $244.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.