Avalon Capital Management Takes Position in Invesco NASDAQ 100 ETF $QQQM

Avalon Capital Management acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,660 shares of the company’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Avaii Wealth Management LLC lifted 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 acquiring an additional 40 shares in the last quarter. Archer Investment Corp lifted 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 acquiring an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. lifted 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 acquiring an additional 47 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its position in Invesco NASDAQ 100 ETF by 23.1% during the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock worth $66,000 after acquiring an additional 50 shares in the last quarter. Finally, Longview Financial Advisors Inc. lifted its position in Invesco NASDAQ 100 ETF by 5.5% during the 4th quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock worth $248,000 after acquiring an additional 51 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $306.61 on Thursday. The stock’s 50 day moving average price is $272.30 and its 200 day moving average price is $259.24. The firm has a market capitalization of $92.04 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a one year low of $215.26 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared 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. 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 annualized dividend and a yield of 0.4%.

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.