Three Cord True Wealth Management LLC Increases Stake in Invesco NASDAQ 100 ETF $QQQM

Three Cord True Wealth Management LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 109.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 5,015 shares of the company’s stock after buying an additional 2,617 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 0.8% of Three Cord True Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Three Cord True Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,239,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jackson Hole Capital Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $26,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $28,000. Pflug Koory LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $32,000. Finally, PrairieView Partners LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.2%

NASDAQ QQQM opened at $256.05 on Friday. The stock has a market capitalization of $72.68 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock has a 50-day moving average of $255.19 and a 200 day moving average of $247.23. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced 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. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%.

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.