Principia Wealth Advisory LLC Has $241.49 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Principia Wealth Advisory LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,615.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 954,798 shares of the company’s stock after buying an additional 899,154 shares during the quarter. Invesco NASDAQ 100 ETF comprises 62.7% of Principia Wealth Advisory LLC’s investment portfolio, making the stock its largest holding. Principia Wealth Advisory LLC owned 0.33% of Invesco NASDAQ 100 ETF worth $241,488,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in QQQM. Garner Asset Management Corp bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $25,000. New Millennium Group LLC raised its stake 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 valued at $27,000 after acquiring an additional 94 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Finally, Bank & Trust Co bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $46,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $302.85 on Friday. The stock’s 50 day simple moving average is $267.28 and its 200 day simple moving average is $257.80. Invesco NASDAQ 100 ETF has a twelve month low of $210.80 and a twelve month high of $303.26. The company has a market capitalization of $90.91 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.