Rooted Wealth Advisors Inc. Has $10.81 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Rooted Wealth Advisors Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,343 shares of the company’s stock after purchasing an additional 6,626 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 3.1% of Rooted Wealth Advisors Inc.’s portfolio, making the stock its 10th largest position. Rooted Wealth Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $10,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sandy Cove Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $2,928,000. Atticus Wealth Management LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $227,000. First National Trust Co bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $349,000. North Star Asset Management Inc. bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $284,000. Finally, Prospera Financial Services Inc increased its stake in Invesco NASDAQ 100 ETF by 32.5% during the 4th quarter. Prospera Financial Services Inc now owns 66,876 shares of the company’s stock valued at $16,938,000 after purchasing an additional 16,407 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $295.44 on Monday. The company has a fifty day moving average price of $263.01 and a 200-day moving average price of $256.50. The firm has a market cap of $88.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.33.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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.