Pure Financial Advisors LLC Buys New Stake in Invesco NASDAQ 100 ETF $QQQM

Pure Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,721 shares of the company’s stock, valued at approximately $1,194,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQM. Jackson Hole Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $25,000. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $25,000. Wolff Wiese Magana LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $26,000. New Millennium Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares in the last quarter. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $31,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $292.82 on Monday. The firm has a fifty day moving average price of $253.61 and a 200 day moving average price of $253.64. Invesco NASDAQ 100 ETF has a fifty-two week low of $200.17 and a fifty-two week high of $292.82. The firm has a market cap of $87.90 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.4%.

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.