Invesco NASDAQ 100 ETF $QQQM is Sax Wealth Advisors LLC’s 3rd Largest Position

Sax Wealth Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 443,394 shares of the company’s stock after acquiring an additional 41,438 shares during the period. Invesco NASDAQ 100 ETF accounts for 5.3% of Sax Wealth Advisors LLC’s portfolio, making the stock its 3rd largest holding. Sax Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $112,143,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC raised its holdings in 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. raised its holdings in 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 purchased a new position in Invesco NASDAQ 100 ETF during the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Stock Up 0.6%

Shares of QQQM opened at $241.98 on Thursday. The business has a 50-day simple moving average of $250.41 and a two-hundred day simple moving average of $251.04. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The stock has a market cap of $69.41 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

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 issued a $0.3277 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.