Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Bought by Castle Wealth Management LLC

Castle Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,884 shares of the company’s stock after buying an additional 383 shares during the period. Invesco NASDAQ 100 ETF accounts for about 1.4% of Castle Wealth Management LLC’s holdings, making the stock its 25th largest holding. Castle Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at $420,000. Fifth Third Bancorp increased its position in shares of Invesco NASDAQ 100 ETF by 223.5% during the first quarter. Fifth Third Bancorp now owns 495 shares of the company’s stock worth $96,000 after purchasing an additional 342 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $6,882,000. HighTower Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 45,980 shares of the company’s stock valued at $9,676,000 after purchasing an additional 587 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1,271.5% in the fourth quarter. Wells Fargo & Company MN now owns 34,369 shares of the company’s stock valued at $7,233,000 after acquiring an additional 31,863 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $226.71 on Thursday. The company has a fifty day moving average price of $212.47 and a 200 day moving average price of $207.70. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $227.73. The company has a market cap of $48.36 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a $0.3161 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 0.56%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 23rd.

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.