TBH Global Asset Management LLC Invests $506,000 in Invesco NASDAQ 100 ETF $QQQM

TBH Global Asset Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,049 shares of the company’s stock, valued at approximately $506,000.

A number of other large investors have also added to or reduced their stakes in QQQM. Bison Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $393,000. Capstone Wealth Management Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock worth $76,000 after buying an additional 185 shares during the period. Comerica Bank boosted its holdings in shares of Invesco NASDAQ 100 ETF by 18.4% during the 1st quarter. Comerica Bank now owns 10,566 shares of the company’s stock worth $2,039,000 after buying an additional 1,642 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Invesco NASDAQ 100 ETF by 40.4% in the 1st quarter. Baird Financial Group Inc. now owns 9,230 shares of the company’s stock valued at $1,782,000 after buying an additional 2,654 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.2%

Invesco NASDAQ 100 ETF stock opened at $255.04 on Wednesday. The company’s 50-day moving average price is $253.86 and its two-hundred day moving average price is $242.30. The stock has a market cap of $66.80 billion, a P/E ratio of 31.95 and a beta of 1.16. 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 company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase 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.