SimpliFi Inc. Takes $505,000 Position in Invesco NASDAQ 100 ETF $QQQM

SimpliFi Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, Holdings Channel.com reports. The fund acquired 2,042 shares of the company’s stock, valued at approximately $505,000. Invesco NASDAQ 100 ETF comprises about 0.2% of SimpliFi Inc.’s portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Bison Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $393,000. Capstone Wealth Management Group LLC increased its position in shares of Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 35.6% during the 1st quarter. AQR Capital Management LLC now owns 38,723 shares of the company’s stock valued at $7,474,000 after purchasing an additional 10,157 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after buying an additional 819 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $258.01 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The stock has a market capitalization of $71.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The company has a fifty day moving average of $253.60 and a 200-day moving average of $244.01.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF Company 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.