Nadler Financial Group Inc. Acquires 5,997 Shares of Invesco NASDAQ 100 ETF $QQQM

Nadler Financial Group Inc. increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 455.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,315 shares of the company’s stock after acquiring an additional 5,997 shares during the quarter. Nadler Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,808,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ridgewood Investments LLC increased its position in shares of Invesco NASDAQ 100 ETF by 15.7% during the 3rd quarter. Ridgewood Investments LLC now owns 1,334 shares of the company’s stock valued at $330,000 after purchasing an additional 181 shares during the last quarter. Naples Global Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 20.0% in the third quarter. Naples Global Advisors LLC now owns 1,200 shares of the company’s stock valued at $297,000 after purchasing an additional 200 shares during the period. Millstone Evans Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 39.0% in the 3rd quarter. Millstone Evans Group LLC now owns 759 shares of the company’s stock worth $188,000 after buying an additional 213 shares during the period. Wealth Dimensions Group Ltd. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $221,000. Finally, Atlas Legacy Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.0% in the third quarter. Atlas Legacy Advisors LLC now owns 82,597 shares of the company’s stock worth $20,411,000 after acquiring an additional 852 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $255.59 on Friday. The firm has a 50 day simple moving average of $253.70 and a two-hundred day simple moving average of $245.86. The stock has a market cap of $71.78 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced 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 was Monday, December 22nd. This represents a $1.29 annualized dividend and a yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.