Omnitrust Wealth Management Inc Buys New Stake in Invesco NASDAQ 100 ETF $QQQM

Omnitrust Wealth Management Inc bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,606 shares of the company’s stock, valued at approximately $4,453,000. Invesco NASDAQ 100 ETF accounts for about 5.7% of Omnitrust Wealth Management Inc’s portfolio, making the stock its 6th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the business. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at $25,000. New Millennium Group LLC boosted its stake in Invesco NASDAQ 100 ETF by 671.4% during the 3rd 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. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000. Finally, Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at $46,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $290.35 on Monday. The stock has a fifty day moving average price of $274.56 and a two-hundred day moving average price of $259.91. The firm has a market cap of $87.16 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1 year low of $215.55 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared 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. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.