Wealthfront Advisers LLC Purchases 144,528 Shares of Invesco NASDAQ 100 ETF $QQQM

Wealthfront Advisers LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 214.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,010 shares of the company’s stock after acquiring an additional 144,528 shares during the quarter. Wealthfront Advisers LLC’s holdings in Invesco NASDAQ 100 ETF were worth $53,622,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Certuity LLC boosted its position in Invesco NASDAQ 100 ETF by 5.0% during the fourth quarter. Certuity LLC now owns 10,403 shares of the company’s stock valued at $2,631,000 after acquiring an additional 496 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $927,000. Ashton Thomas Private Wealth LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 5.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 12,413 shares of the company’s stock worth $3,139,000 after purchasing an additional 688 shares in the last quarter. RMR Wealth Builders boosted its position in shares of Invesco NASDAQ 100 ETF by 90.0% during the 4th quarter. RMR Wealth Builders now owns 1,948 shares of the company’s stock worth $493,000 after purchasing an additional 923 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of Invesco NASDAQ 100 ETF by 8.4% during the 4th quarter. D.A. Davidson & CO. now owns 11,571 shares of the company’s stock worth $2,927,000 after purchasing an additional 897 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $273.51 on Tuesday. The stock has a market capitalization of $81.54 billion, a PE ratio of 31.95 and a beta of 1.19. The company’s 50-day moving average is $250.06 and its 200-day moving average is $252.29. Invesco NASDAQ 100 ETF has a 1 year low of $190.43 and a 1 year high of $273.56.

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

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.