Tennessee Valley Asset Management Partners Purchases 3,397 Shares of Invesco NASDAQ 100 ETF $QQQM

Tennessee Valley Asset Management Partners grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.5% during the fourth quarter, HoldingsChannel reports. The firm owned 22,798 shares of the company’s stock after buying an additional 3,397 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 0.7% of Tennessee Valley Asset Management Partners’ holdings, making the stock its 26th biggest position. Tennessee Valley Asset Management Partners’ holdings in Invesco NASDAQ 100 ETF were worth $5,766,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $25,000. Jackson Hole Capital Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $26,000. New Millennium Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Finally, Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Stock Down 1.5%

NASDAQ:QQQM opened at $291.89 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $208.18 and a 12 month high of $297.29. The firm has a market cap of $87.62 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The company’s 50 day moving average is $258.72 and its 200-day moving average is $255.37.

Invesco NASDAQ 100 ETF Increases Dividend

The company 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 is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. 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.

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.