Independent Advisor Alliance Acquires 2,368 Shares of Invesco NASDAQ 100 ETF $QQQM

Independent Advisor Alliance lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 11.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,547 shares of the company’s stock after purchasing an additional 2,368 shares during the period. Independent Advisor Alliance’s holdings in Invesco NASDAQ 100 ETF were worth $5,955,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in QQQM. Jackson Hole Capital Partners LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $25,000. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $26,000. New Millennium Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Finally, Abich Financial Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $31,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $291.14 on Wednesday. The stock’s fifty day moving average is $256.06 and its 200-day moving average is $254.52. The stock has a market capitalization of $87.39 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52 week low of $208.18 and a 52 week high of $294.22.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced 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. The ex-dividend date was Monday, March 23rd. This is a boost 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%.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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