Invesco NASDAQ 100 ETF $QQQM is Western Wealth Management LLC’s 2nd Largest Position

Western Wealth Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 28.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 284,358 shares of the company’s stock after buying an additional 62,665 shares during the quarter. Invesco NASDAQ 100 ETF makes up 3.3% of Western Wealth Management LLC’s portfolio, making the stock its 2nd largest position. Western Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $71,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Atlas Private Wealth Advisors lifted its stake in shares of Invesco NASDAQ 100 ETF by 6.8% in the 4th quarter. Atlas Private Wealth Advisors now owns 17,546 shares of the company’s stock valued at $4,438,000 after purchasing an additional 1,115 shares during the period. Allworth Financial LP raised its position in shares of Invesco NASDAQ 100 ETF by 15.1% in the fourth quarter. Allworth Financial LP now owns 11,301 shares of the company’s stock valued at $2,858,000 after buying an additional 1,485 shares during the last quarter. Atria Investments Inc raised its position in shares of Invesco NASDAQ 100 ETF by 20.6% in the fourth quarter. Atria Investments Inc now owns 68,756 shares of the company’s stock valued at $17,390,000 after buying an additional 11,728 shares during the last quarter. Moneco Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 5.3% in the fourth quarter. Moneco Advisors LLC now owns 8,776 shares of the company’s stock valued at $2,220,000 after buying an additional 445 shares during the last quarter. Finally, Summit Wealth Group LLC Co. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $390,000.

Invesco NASDAQ 100 ETF Stock Up 1.0%

Shares of NASDAQ QQQM opened at $294.15 on Thursday. The firm has a 50-day simple moving average of $256.94 and a 200-day simple moving average of $254.82. The stock has a market capitalization of $88.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52 week low of $208.18 and a 52 week high of $295.05.

Invesco NASDAQ 100 ETF Increases Dividend

The firm 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 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 was Monday, March 23rd.

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.