Invesco NASDAQ 100 ETF $QQQM Shares Bought by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,241 shares of the company’s stock after buying an additional 5,761 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 0.8% of Winthrop Advisory Group LLC’s investment portfolio, making the stock its 22nd largest holding. Winthrop Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. Vantagepoint Investment Advisers LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $538,021,000. Bank of Nova Scotia acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $277,718,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 4,547.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock worth $228,467,000 after purchasing an additional 904,626 shares during the period. Bouchey Financial Group Ltd grew its stake in shares of Invesco NASDAQ 100 ETF by 68,507.2% during the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock worth $148,708,000 after purchasing an additional 587,107 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Invesco NASDAQ 100 ETF by 25.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after purchasing an additional 469,957 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $242.32 on Tuesday. The stock has a market capitalization of $69.86 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The firm’s 50 day simple moving average is $247.59 and its 200-day simple moving average is $250.89.

Invesco NASDAQ 100 ETF Increases Dividend

The company 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. This represents a $1.31 dividend on an annualized basis and a dividend 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.