Madrona Financial Services LLC Buys Shares of 1,148 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Madrona Financial Services LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, Holdings Channel reports. The institutional investor bought 1,148 shares of the company’s stock, valued at approximately $222,000.

Several other large investors have also recently bought and sold shares of the company. Western Wealth Management LLC raised its position in Invesco NASDAQ 100 ETF by 1.3% in the first quarter. Western Wealth Management LLC now owns 202,093 shares of the company’s stock valued at $39,008,000 after purchasing an additional 2,518 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 91.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after buying an additional 1,270 shares during the period. SOL Capital Management CO increased its stake in shares of Invesco NASDAQ 100 ETF by 15.0% in the first quarter. SOL Capital Management CO now owns 120,816 shares of the company’s stock valued at $23,320,000 after buying an additional 15,742 shares during the period. Cvfg LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 7.0% in the first quarter. Cvfg LLC now owns 18,101 shares of the company’s stock valued at $3,494,000 after buying an additional 1,178 shares during the period. Finally, Golden State Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 169.7% in the first quarter. Golden State Wealth Management LLC now owns 294 shares of the company’s stock valued at $57,000 after buying an additional 185 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.3%

Shares of QQQM stock opened at $222.73 on Thursday. The stock has a market cap of $51.37 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock has a 50-day moving average of $208.18 and a 200-day moving average of $207.38. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $223.81.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 23rd will be paid a $0.3161 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 23rd. This represents a $1.26 annualized dividend and a dividend yield of 0.57%.

Invesco NASDAQ 100 ETF Company 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.