Zhang Financial LLC Boosts Stake in Invesco NASDAQ 100 ETF $QQQM

Zhang Financial LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,345 shares of the company’s stock after purchasing an additional 2,232 shares during the period. Zhang Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,309,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 1,473.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after acquiring an additional 5,333 shares during the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 51,972.7% in the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after acquiring an additional 5,717 shares during the last quarter. Boyum Wealth Architects LLC increased its position in shares of Invesco NASDAQ 100 ETF by 12.4% during the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares in the last quarter. Brookstone Capital Management increased its position in shares of Invesco NASDAQ 100 ETF by 49.7% during the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after purchasing an additional 24,904 shares in the last quarter. Finally, Bank Hapoalim BM acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $35,091,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $250.31 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock’s fifty day moving average is $253.68 and its two-hundred day moving average is $249.47. The firm has a market capitalization of $71.80 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

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