Invesco NASDAQ 100 ETF $QQQM Stake Boosted by SPC Financial Inc.

SPC Financial Inc. increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 33.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 18,459 shares of the company’s stock after buying an additional 4,608 shares during the quarter. SPC Financial Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $4,562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Cypress Wealth Services LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 3.4% in the 3rd 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 in the last quarter. Base Wealth Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after acquiring an additional 43 shares during the last quarter. Twin Peaks Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 0.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after purchasing an additional 43 shares during the last quarter. Modera Wealth Management LLC raised its holdings in shares of 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 valued at $969,000 after purchasing an additional 46 shares in the last quarter. Finally, Sand Hill Global Advisors LLC raised its holdings in shares of 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 valued at $263,000 after purchasing an additional 48 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $251.01 on Friday. The stock has a market capitalization of $72.00 billion, a P/E ratio of 31.95 and a beta of 1.16. The business has a 50-day moving average of $255.13 and a two-hundred day moving average of $247.95. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. 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. The ex-dividend date was Monday, December 22nd.

About Invesco NASDAQ 100 ETF

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.