SHUTTLEWORTH & Co Acquires Shares of 12,971 Invesco NASDAQ 100 ETF $QQQM

SHUTTLEWORTH & Co bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 12,971 shares of the company’s stock, valued at approximately $3,205,000. Invesco NASDAQ 100 ETF comprises about 2.9% of SHUTTLEWORTH & Co’s holdings, making the stock its 6th largest position.

Other hedge funds have also recently made changes to their positions in the company. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $393,000. Capstone Wealth Management Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares during the period. Empowered Funds LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $742,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $244.45 on Friday. The firm has a market capitalization of $70.12 billion, a PE ratio of 31.95 and a beta of 1.16. The stock’s fifty day moving average is $252.49 and its 200 day moving average is $250.49. 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 company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a $0.323 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend 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.