Capital Developers LLC Invests $9.54 Million in Invesco NASDAQ 100 ETF $QQQM

Capital Developers LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,723 shares of the company’s stock, valued at approximately $9,541,000. Invesco NASDAQ 100 ETF makes up about 8.6% of Capital Developers LLC’s portfolio, making the stock its 2nd largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Strategic Blueprint LLC increased its position in shares of Invesco NASDAQ 100 ETF by 7.3% during the fourth quarter. Strategic Blueprint LLC now owns 7,882 shares of the company’s stock worth $1,993,000 after acquiring an additional 534 shares in the last quarter. Wealthfront Advisers LLC grew its position in Invesco NASDAQ 100 ETF by 214.2% in the 4th quarter. Wealthfront Advisers LLC now owns 212,010 shares of the company’s stock worth $53,622,000 after purchasing an additional 144,528 shares in the last quarter. Certuity LLC grew its position in Invesco NASDAQ 100 ETF by 5.0% in the 4th quarter. Certuity LLC now owns 10,403 shares of the company’s stock worth $2,631,000 after purchasing an additional 496 shares in the last quarter. Ares Financial Consulting LLC bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $927,000. Finally, Ashton Thomas Private Wealth LLC grew its position in Invesco NASDAQ 100 ETF by 5.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 12,413 shares of the company’s stock worth $3,139,000 after purchasing an additional 688 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $273.51 on Tuesday. Invesco NASDAQ 100 ETF has a 52-week low of $190.43 and a 52-week high of $273.56. The company has a 50-day simple moving average of $250.06 and a two-hundred day simple moving average of $252.29. The company has a market capitalization of $81.54 billion, a price-to-earnings ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd. 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.