Rooted Wealth Advisors Inc. Buys 4,870 Shares of Invesco NASDAQ 100 ETF $QQQM

Rooted Wealth Advisors Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,717 shares of the company’s stock after buying an additional 4,870 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 2.8% of Rooted Wealth Advisors Inc.’s investment portfolio, making the stock its 10th biggest position. Rooted Wealth Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $9,118,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $28,000. Pflug Koory LLC bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $32,000. PrairieView Partners LLC raised its holdings in Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter. ROSS JOHNSON & Associates LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $42,000. Finally, Rosenberg Matthew Hamilton bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $43,000.

Invesco NASDAQ 100 ETF Stock Down 0.5%

QQQM opened at $255.65 on Tuesday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The company has a fifty day moving average of $253.79 and a 200-day moving average of $242.03. The stock has a market cap of $66.96 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.