Focus Partners Advisor Solutions LLC Acquires 12,213 Shares of Invesco NASDAQ 100 ETF $QQQM

Focus Partners Advisor Solutions LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,326.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,134 shares of the company’s stock after acquiring an additional 12,213 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $393,000. Capstone Wealth Management Group LLC grew its position 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 valued at $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 valued at $9,876,000 after acquiring an additional 819 shares during the last quarter. Empowered Funds LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Stock Down 1.1%

Invesco NASDAQ 100 ETF stock opened at $291.52 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The business’s 50-day moving average price is $276.93 and its two-hundred day moving average price is $260.58. The stock has a market cap of $87.51 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a 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.