Valeo Financial Advisors LLC Boosts Stake in Invesco NASDAQ 100 ETF $QQQM

Valeo Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 100.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,704 shares of the company’s stock after purchasing an additional 2,353 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,163,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cypress Wealth Services LLC lifted its stake in Invesco NASDAQ 100 ETF by 3.4% in the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after buying an additional 41 shares during the last quarter. Base Wealth Management LLC raised its position in Invesco NASDAQ 100 ETF by 3.9% in the 3rd quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after purchasing an additional 43 shares during the last quarter. Twin Peaks Wealth Advisors LLC raised its position in Invesco NASDAQ 100 ETF by 0.7% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after purchasing an additional 43 shares during the last quarter. Modera Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 1.2% during the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after purchasing an additional 46 shares during the period. Finally, Sand Hill Global Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 4.3% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after purchasing an additional 48 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $259.14 on Friday. The firm’s fifty day moving average is $254.92 and its two-hundred day moving average is $246.92. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The firm has a market cap of $73.56 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.