Mutual Advisors LLC Increases Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Mutual Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 87.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,101 shares of the company’s stock after buying an additional 1,910 shares during the quarter. Mutual Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $691,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Clearstead Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $30,000. Wells Fargo & Company MN lifted its stake in Invesco NASDAQ 100 ETF by 578.0% during the fourth quarter. Wells Fargo & Company MN now owns 278 shares of the company’s stock worth $30,000 after purchasing an additional 237 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $32,000. Pinnacle Bancorp Inc. acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $35,000. Finally, Sunbelt Securities Inc. purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $35,000.

Invesco NASDAQ 100 ETF Trading Up 0.4 %

Shares of NASDAQ:QQQM opened at $183.07 on Thursday. The firm has a 50 day simple moving average of $178.58 and a 200-day simple moving average of $164.47. Invesco NASDAQ 100 ETF has a twelve month low of $125.34 and a twelve month high of $184.88. The company has a market capitalization of $22.16 billion, a PE ratio of 21.58 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a $0.3454 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a yield of 0.75%.

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.