Invesco NASDAQ 100 ETF $QQQM is Financial Partners Group Inc’s 6th Largest Position

Financial Partners Group Inc grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 133,201 shares of the company’s stock after buying an additional 3,671 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 4.0% of Financial Partners Group Inc’s holdings, making the stock its 6th biggest holding. Financial Partners Group Inc’s holdings in Invesco NASDAQ 100 ETF were worth $34,106,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in QQQM. Jackson Hole Capital Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $25,000. Garner Asset Management Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $26,000. New Millennium Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000.

Invesco NASDAQ 100 ETF Stock Up 2.3%

Shares of NASDAQ QQQM opened at $292.82 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $200.17 and a 52-week high of $292.82. The firm has a fifty day moving average of $253.61 and a 200-day moving average of $253.64. The stock has a market capitalization of $87.90 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Invesco NASDAQ 100 ETF Company 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.