Thoroughbred Financial Services LLC Has $31.68 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Thoroughbred Financial Services LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 125,273 shares of the company’s stock after buying an additional 12,612 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.9% of Thoroughbred Financial Services LLC’s portfolio, making the stock its 6th biggest holding. Thoroughbred Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $31,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of QQQM. Bison Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC increased its holdings in shares of 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 buying an additional 3,220 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of 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 buying an additional 819 shares during the period. Empowered Funds LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $742,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Trading Down 0.1%

QQQM opened at $300.38 on Thursday. The company has a market cap of $90.17 billion, a P/E ratio of 31.95 and a beta of 1.21. The business’s 50-day moving average price is $266.19 and its 200-day moving average price is $257.44. Invesco NASDAQ 100 ETF has a 12 month low of $210.80 and a 12 month high of $301.82.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued 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 annualized dividend and a dividend yield of 0.4%. 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.