Ritter Daniher Financial Advisory LLC DE Invests $6.59 Million in Invesco NASDAQ 100 ETF $QQQM

Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, HoldingsChannel.com reports. The firm acquired 26,661 shares of the company’s stock, valued at approximately $6,588,000. Invesco NASDAQ 100 ETF comprises 1.2% of Ritter Daniher Financial Advisory LLC DE’s portfolio, making the stock its 19th largest position.

A number of other institutional investors also recently modified their holdings of the company. Wealth Management Nebraska increased its holdings in Invesco NASDAQ 100 ETF by 29.7% during the 3rd quarter. Wealth Management Nebraska now owns 8,783 shares of the company’s stock valued at $2,170,000 after purchasing an additional 2,009 shares in the last quarter. Summit Global Investments boosted its holdings in Invesco NASDAQ 100 ETF by 18.6% in the third quarter. Summit Global Investments now owns 1,689 shares of the company’s stock valued at $417,000 after acquiring an additional 265 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 51.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 58,673 shares of the company’s stock worth $14,499,000 after buying an additional 19,979 shares during the period. Hollencrest Capital Management grew its holdings in Invesco NASDAQ 100 ETF by 2.5% during the 3rd quarter. Hollencrest Capital Management now owns 439,084 shares of the company’s stock worth $108,506,000 after acquiring an additional 10,718 shares during the period. Finally, Strategic Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 20.1% in the 3rd quarter. Strategic Advisors LLC now owns 17,812 shares of the company’s stock worth $4,402,000 after purchasing an additional 2,982 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6%

Invesco NASDAQ 100 ETF stock opened at $259.14 on Friday. The business has a 50-day moving average of $254.92 and a 200-day moving average of $246.92. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The firm has a market capitalization of $73.56 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.323 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 annualized dividend and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF 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.