Invesco NASDAQ 100 ETF $QQQM Shares Bought by Prevail Innovative Wealth Advisors LLC

Prevail Innovative Wealth Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,423 shares of the company’s stock after acquiring an additional 6,754 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.7% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 8th biggest position. Prevail Innovative Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,718,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Avaii Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares during the period. Twin Peaks Wealth Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 0.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after buying an additional 43 shares in the last quarter. Archer Investment Corp increased its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after buying an additional 44 shares in the last quarter. Modera Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after buying an additional 46 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after buying an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.7%

Shares of QQQM stock opened at $293.63 on Thursday. Invesco NASDAQ 100 ETF has a fifty-two week low of $208.18 and a fifty-two week high of $297.29. The stock has a market cap of $88.14 billion, a P/E ratio of 31.95 and a beta of 1.21. The business has a fifty day simple moving average of $261.23 and a 200-day simple moving average of $256.01.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. 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%. The ex-dividend date was Monday, March 23rd.

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.