Invesco NASDAQ 100 ETF $QQQM Shares Bought by Composition Wealth LLC

Composition Wealth LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 384,096 shares of the company’s stock after purchasing an additional 30,940 shares during the period. Invesco NASDAQ 100 ETF comprises 1.4% of Composition Wealth LLC’s holdings, making the stock its 16th largest position. Composition Wealth LLC owned about 0.14% of Invesco NASDAQ 100 ETF worth $97,146,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Avaii Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after purchasing an additional 40 shares during the period. Twin Peaks Wealth Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 0.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after purchasing an additional 43 shares during the period. Archer Investment Corp lifted its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after acquiring an additional 44 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after acquiring an additional 46 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after acquiring an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $277.54 on Friday. The company has a market cap of $83.31 billion, a PE ratio of 31.95 and a beta of 1.21. The stock’s 50 day simple moving average is $251.52 and its 200-day simple moving average is $252.78. Invesco NASDAQ 100 ETF has a 1-year low of $196.36 and a 1-year high of $278.30.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

Invesco NASDAQ 100 ETF Company 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.