Signal Advisors Wealth LLC Boosts Holdings in Invesco NASDAQ 100 ETF $QQQM

Signal Advisors Wealth LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,347 shares of the company’s stock after purchasing an additional 5,447 shares during the period. Signal Advisors Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQM. Avaii Wealth Management LLC raised its stake 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 buying an additional 40 shares in the last quarter. Archer Investment Corp boosted 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 valued at $580,000 after acquiring an additional 44 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% during the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after acquiring an additional 44 shares during the period. Foresight Capital Management Advisors Inc. grew its holdings in shares of 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 during the period. Finally, Motiv8 Investments LLC raised its position in shares of Invesco NASDAQ 100 ETF by 0.5% in the 4th quarter. Motiv8 Investments LLC now owns 9,410 shares of the company’s stock worth $2,380,000 after acquiring an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.2%

QQQM opened at $303.90 on Tuesday. The stock has a market cap of $91.22 billion, a PE ratio of 31.95 and a beta of 1.23. The business has a 50 day moving average of $287.33 and a 200-day moving average of $263.68. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a $0.3522 dividend. The ex-dividend date is Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a 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.