Sfmg LLC Buys 5,834 Shares of Invesco NASDAQ 100 ETF $QQQM

Sfmg LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 291.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,839 shares of the company’s stock after acquiring an additional 5,834 shares during the period. Sfmg LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Avaii Wealth Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 2.8% in the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares during the last quarter. Archer Investment Corp increased its holdings in Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after acquiring an additional 44 shares during the last quarter. Foresight Capital Management Advisors Inc. increased its holdings in Invesco NASDAQ 100 ETF by 4.6% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after acquiring an additional 47 shares during the last quarter. ROSS JOHNSON & Associates LLC increased its holdings in Invesco NASDAQ 100 ETF by 23.1% in the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after acquiring an additional 50 shares during the last quarter. Finally, Longview Financial Advisors Inc. increased its holdings in Invesco NASDAQ 100 ETF by 5.5% in the 4th quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock valued at $248,000 after acquiring an additional 51 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $303.96 on Friday. The company has a market cap of $91.24 billion, a P/E ratio of 31.95 and a beta of 1.21. The firm’s fifty day moving average is $268.46 and its two-hundred day moving average is $258.13. Invesco NASDAQ 100 ETF has a 52-week low of $210.80 and a 52-week high of $305.33.

Invesco NASDAQ 100 ETF Increases Dividend

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