Marmo Financial Group LLC Grows Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Marmo Financial Group LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 78,198 shares of the company’s stock after purchasing an additional 3,676 shares during the period. Invesco NASDAQ 100 ETF comprises 9.4% of Marmo Financial Group LLC’s investment portfolio, making the stock its 4th biggest position. Marmo Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $19,324,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $28,000. Pflug Koory LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $32,000. PrairieView Partners LLC increased its position in shares of Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $42,000. Finally, Rosenberg Matthew Hamilton purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $43,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $258.01 on Friday. The company has a market capitalization of $71.69 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The company has a 50-day simple moving average of $253.60 and a 200 day simple moving average of $244.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.323 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend 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.