Sanchez Wealth Management Group Buys 4,068 Shares of Invesco NASDAQ 100 ETF $QQQM

Sanchez Wealth Management Group increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 88.3% during the 4th quarter, Holdings Channel reports. The fund owned 8,677 shares of the company’s stock after acquiring an additional 4,068 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 0.5% of Sanchez Wealth Management Group’s investment portfolio, making the stock its 25th largest position. Sanchez Wealth Management Group’s holdings in Invesco NASDAQ 100 ETF were worth $2,195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 3.2% in the third quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after buying an additional 350,190 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Invesco NASDAQ 100 ETF by 0.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock valued at $959,484,000 after buying an additional 22,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 6.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock valued at $889,313,000 after buying an additional 231,965 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 5.9% in the third quarter. Raymond James Financial Inc. now owns 2,623,734 shares of the company’s stock valued at $648,377,000 after buying an additional 146,401 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $292.82 on Monday. Invesco NASDAQ 100 ETF has a 1-year low of $200.17 and a 1-year high of $292.82. The firm has a market capitalization of $87.90 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The firm’s fifty day moving average price is $253.61 and its two-hundred day moving average price is $253.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.4%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

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.