Fusion Family Wealth LLC Buys 2,305 Shares of Invesco NASDAQ 100 ETF $QQQM

Fusion Family Wealth LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 152,365 shares of the company’s stock after purchasing an additional 2,305 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 2.9% of Fusion Family Wealth LLC’s portfolio, making the stock its 13th largest position. Fusion Family Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $38,536,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 36.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 6,426 shares of the company’s stock worth $1,625,000 after buying an additional 1,722 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in shares of Invesco NASDAQ 100 ETF by 5.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after buying an additional 129,000 shares during the last quarter. Sanchez Wealth Management Group increased its holdings in shares of Invesco NASDAQ 100 ETF by 88.3% in the 4th quarter. Sanchez Wealth Management Group now owns 8,677 shares of the company’s stock worth $2,195,000 after buying an additional 4,068 shares during the last quarter. Pure Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $1,194,000. Finally, Advisor OS LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $213,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $292.82 on Monday. Invesco NASDAQ 100 ETF has a 52 week low of $200.17 and a 52 week high of $292.82. The firm’s fifty day moving average is $253.61 and its 200 day moving average is $253.64. The firm has a market cap of $87.90 billion, a P/E ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Invesco NASDAQ 100 ETF 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.