Coppell Advisory Solutions LLC Buys 14,088 Shares of Invesco NASDAQ 100 ETF $QQQM

Coppell Advisory Solutions LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 646.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,267 shares of the company’s stock after acquiring an additional 14,088 shares during the period. Coppell Advisory Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,140,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in QQQM. Union Bancaire Privee UBP SA bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth approximately $25,000. Westwind Capital purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth approximately $27,000. NorthRock Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth approximately $28,000. Crews Bank & Trust boosted its stake in Invesco NASDAQ 100 ETF by 328.6% in the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after buying an additional 115 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 273.2% in the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after buying an additional 112 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $237.15 on Monday. The firm has a market cap of $56.86 billion, a P/E ratio of 31.95 and a beta of 1.18. The stock has a 50 day simple moving average of $232.69 and a two-hundred day simple moving average of $213.39. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $240.11.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.3161 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost 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 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.