Valeo Financial Advisors LLC Raises Stake in Invesco NASDAQ 100 ETF $QQQM

Valeo Financial Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,426 shares of the company’s stock after acquiring an additional 1,722 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,625,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after purchasing an additional 129,000 shares in the last quarter. Sanchez Wealth Management Group boosted its stake in Invesco NASDAQ 100 ETF by 88.3% in the 4th quarter. Sanchez Wealth Management Group now owns 8,677 shares of the company’s stock worth $2,195,000 after purchasing an additional 4,068 shares in the last quarter. Pure Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $1,194,000. Advisor OS LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $213,000. Finally, Dogwood Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 6.4% in the 4th quarter. Dogwood Wealth Management LLC now owns 45,261 shares of the company’s stock worth $11,447,000 after purchasing an additional 2,717 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $293.71 on Tuesday. The stock has a market cap of $88.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The firm’s 50-day moving average is $255.24 and its 200 day moving average is $254.22. Invesco NASDAQ 100 ETF has a 1 year low of $206.47 and a 1 year high of $294.22.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.3277 dividend. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.