Invesco NASDAQ 100 ETF $QQQM is Financial Partners Group Inc’s 6th Largest Position

Financial Partners Group Inc boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 133,201 shares of the company’s stock after acquiring an additional 3,671 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 4.0% of Financial Partners Group Inc’s holdings, making the stock its 6th biggest holding. Financial Partners Group Inc’s holdings in Invesco NASDAQ 100 ETF were worth $34,106,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. Jackson Hole Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $25,000. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $26,000. New Millennium Group LLC grew its stake in Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $292.82 on Friday. The stock has a market capitalization of $87.90 billion, a P/E ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a one year low of $200.17 and a one year high of $292.82. The company has a 50 day moving average price of $253.61 and a two-hundred day moving average price of $253.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.