Invesco NASDAQ 100 ETF $QQQM is Prevail Innovative Wealth Advisors LLC’s 8th Largest Position

Prevail Innovative Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.3% in the fourth quarter, HoldingsChannel reports. The firm owned 38,423 shares of the company’s stock after buying an additional 6,754 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 1.7% of Prevail Innovative Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding. Prevail Innovative Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,718,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Avaii Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 2.8% during the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares in the last quarter. Twin Peaks Wealth Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 0.7% during the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after purchasing an additional 43 shares in the last quarter. Archer Investment Corp increased its position in Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares in the last quarter. Modera Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 1.2% during the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after purchasing an additional 46 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. increased its position in Invesco NASDAQ 100 ETF by 4.6% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after purchasing an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.7%

Invesco NASDAQ 100 ETF stock opened at $293.63 on Thursday. The stock has a market cap of $88.14 billion, a PE ratio of 31.95 and a beta of 1.21. The stock has a 50-day moving average price of $261.23 and a 200 day moving average price of $256.01. Invesco NASDAQ 100 ETF has a 52 week low of $208.18 and a 52 week high of $297.29.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.