11,577 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,577 shares of the company’s stock, valued at approximately $2,928,000. Invesco NASDAQ 100 ETF accounts for approximately 0.9% of Sandy Cove Advisors LLC’s holdings, making the stock its 26th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of QQQM. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $538,021,000. Bouchey Financial Group Ltd increased its holdings in Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after buying an additional 587,107 shares during the period. Jones Financial Companies Lllp increased its holdings in Invesco NASDAQ 100 ETF by 25.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after buying an additional 469,957 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Invesco NASDAQ 100 ETF by 22.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after buying an additional 422,032 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $295.44 on Monday. Invesco NASDAQ 100 ETF has a twelve month low of $208.18 and a twelve month high of $297.33. The company’s 50 day moving average is $263.01 and its 200 day moving average is $256.50. The company has a market cap of $88.69 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.4%.

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.