Tempo Wealth LLC Acquires New Stake in Invesco NASDAQ 100 ETF $QQQM

Tempo Wealth LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,321 shares of the company’s stock, valued at approximately $6,404,000. Invesco NASDAQ 100 ETF comprises 1.1% of Tempo Wealth LLC’s holdings, making the stock its 22nd biggest position.

Several other hedge funds have also recently made changes to their positions in QQQM. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $393,000. Capstone Wealth Management Group LLC boosted its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Trading Up 2.3%

QQQM opened at $304.52 on Friday. The company has a 50 day moving average of $285.18 and a 200 day moving average of $262.99. Invesco NASDAQ 100 ETF has a 12 month low of $215.55 and a 12 month high of $308.21. The company has a market cap of $91.41 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

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.