Cary Street Partners Financial LLC Purchases 4,146 Shares of Invesco NASDAQ 100 ETF $QQQM

Cary Street Partners Financial LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 498.9% during the fourth quarter, HoldingsChannel reports. The firm owned 4,977 shares of the company’s stock after buying an additional 4,146 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,259,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Garner Asset Management Corp bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. New Millennium Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Finally, Bank & Trust Co bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $46,000.

Invesco NASDAQ 100 ETF Stock Up 0.8%

Shares of NASDAQ QQQM opened at $302.85 on Friday. The company’s fifty day moving average is $267.28 and its 200-day moving average is $257.80. The stock has a market cap of $90.91 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a twelve month low of $210.80 and a twelve month high of $303.26.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.4%. 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.