TBH Global Asset Management LLC Acquires 4,238 Shares of Invesco NASDAQ 100 ETF $QQQM

TBH Global Asset Management LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 206.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,287 shares of the company’s stock after purchasing an additional 4,238 shares during the quarter. TBH Global Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,590,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Avaii Wealth Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 2.8% in the fourth 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. Base Wealth Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after purchasing an additional 43 shares in the last quarter. Twin Peaks Wealth Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF by 0.7% in the third 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. Modera Wealth Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 1.2% in the third 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 holdings in Invesco NASDAQ 100 ETF by 4.6% in the fourth 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 Stock Performance

Shares of QQQM stock opened at $273.38 on Friday. The company has a market cap of $81.28 billion, a P/E ratio of 31.95 and a beta of 1.19. Invesco NASDAQ 100 ETF has a fifty-two week low of $190.43 and a fifty-two week high of $273.56. The stock has a 50 day simple moving average of $249.55 and a two-hundred day simple moving average of $252.11.

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 issued a dividend of $0.3277 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 23rd.

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.