Carroll Advisory Group LLC Buys New Shares in Invesco NASDAQ 100 ETF $QQQM

Carroll Advisory Group LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 56,409 shares of the company’s stock, valued at approximately $14,267,000. Invesco NASDAQ 100 ETF accounts for about 6.2% of Carroll Advisory Group LLC’s investment portfolio, making the stock its 4th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the stock. Avaii Wealth Management LLC grew 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 purchasing an additional 40 shares during the period. Archer Investment Corp lifted its position in Invesco NASDAQ 100 ETF by 2.0% during 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 lifted its position in Invesco NASDAQ 100 ETF by 1.2% during 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. Foresight Capital Management Advisors Inc. lifted its position in Invesco NASDAQ 100 ETF by 4.6% during 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. Finally, Investor s Fiduciary Advisor Network LLC lifted its position in Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Investor s Fiduciary Advisor Network LLC now owns 1,508 shares of the company’s stock valued at $372,000 after buying an additional 50 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.4%

Shares of QQQM stock opened at $295.44 on Friday. The stock has a market cap of $88.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a fifty-two week low of $208.18 and a fifty-two week high of $297.33. The firm’s 50 day moving average price is $263.01 and its two-hundred day moving average price is $256.53.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend 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.