Fortune Financial Group Inc. Takes $845,000 Position in Invesco NASDAQ 100 ETF $QQQM

Fortune Financial Group Inc. bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,340 shares of the company’s stock, valued at approximately $845,000. Invesco NASDAQ 100 ETF accounts for about 0.9% of Fortune Financial Group Inc.’s portfolio, making the stock its 25th biggest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Garner Asset Management Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $25,000. New Millennium Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares during the period. Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Finally, Bank & Trust Co purchased a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at $46,000.

Invesco NASDAQ 100 ETF Stock Down 1.9%

QQQM opened at $285.92 on Thursday. The business has a fifty day moving average of $278.05 and a 200 day moving average of $260.89. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21. The stock has a market cap of $85.83 billion, a P/E ratio of 31.95 and a beta of 1.23.

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 dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 23rd. This is an increase 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.