Money Concepts Capital Corp Boosts Position in Invesco NASDAQ 100 ETF $QQQM

Money Concepts Capital Corp grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 33.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,934 shares of the company’s stock after buying an additional 6,458 shares during the period. Money Concepts Capital Corp’s holdings in Invesco NASDAQ 100 ETF were worth $6,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Jackson Hole Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $25,000. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $26,000. New Millennium Group LLC increased its position in Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $31,000.

Invesco NASDAQ 100 ETF Stock Up 0.3%

Shares of QQQM opened at $293.71 on Tuesday. The business has a 50-day simple moving average of $255.24 and a two-hundred day simple moving average of $254.22. The stock has a market cap of $88.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52 week low of $206.47 and a 52 week high of $294.22.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.4%.

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.