Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Denver Wealth Management Inc.

Denver Wealth Management Inc. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,334 shares of the company’s stock after purchasing an additional 2,448 shares during the period. Invesco NASDAQ 100 ETF accounts for about 19.0% of Denver Wealth Management Inc.’s holdings, making the stock its 2nd biggest position. Denver Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $53,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares during the period. Principia Wealth Advisory LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 1,615.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after purchasing an additional 899,154 shares in the last quarter. Bouchey Financial Group Ltd raised its stake in shares of Invesco NASDAQ 100 ETF by 68,507.2% in the 4th quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after purchasing an additional 587,107 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 22.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after purchasing an additional 422,032 shares in the last quarter. Finally, Asset Allocation Strategies LLC raised its stake in Invesco NASDAQ 100 ETF by 728.3% during the second quarter. Asset Allocation Strategies LLC now owns 435,112 shares of the company’s stock worth $98,814,000 after acquiring an additional 382,579 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.7%

QQQM opened at $297.01 on Friday. The firm has a market cap of $89.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21. The company’s 50-day moving average price is $280.33 and its 200 day moving average price is $261.51.

Invesco NASDAQ 100 ETF Increases Dividend

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