JGP Wealth Management LLC Acquires 2,637 Shares of Invesco NASDAQ 100 ETF $QQQM

JGP Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,173 shares of the company’s stock after buying an additional 2,637 shares during the period. JGP Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Jackson Hole Capital Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $26,000. New Millennium Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $28,000. Finally, Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Stock Up 1.0%

NASDAQ:QQQM opened at $242.07 on Tuesday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The firm has a market capitalization of $69.44 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock’s 50 day moving average price is $251.03 and its two-hundred day moving average price is $251.08.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be paid a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 23rd.

Invesco NASDAQ 100 ETF 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.