Money Concepts Capital Corp Buys 6,458 Shares of Invesco NASDAQ 100 ETF $QQQM

Money Concepts Capital Corp grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 33.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,934 shares of the company’s stock after acquiring an additional 6,458 shares during the quarter. Money Concepts Capital Corp’s holdings in Invesco NASDAQ 100 ETF were worth $6,559,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $393,000. Capstone Wealth Management Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF in the second quarter worth $534,000.

Invesco NASDAQ 100 ETF Trading Up 0.3%

Invesco NASDAQ 100 ETF stock opened at $293.71 on Tuesday. The business’s fifty day simple moving average is $255.24 and its two-hundred day simple moving average is $254.22. Invesco NASDAQ 100 ETF has a 12 month low of $206.47 and a 12 month high of $294.22. The company has a market capitalization of $88.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. 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. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%.

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.