Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,947 shares of the company’s stock after buying an additional 7,247 shares during the quarter. Sowell Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $28,000. Pflug Koory LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth approximately $32,000. PrairieView Partners LLC grew its holdings in Invesco NASDAQ 100 ETF by 400.0% in the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Rosenberg Matthew Hamilton purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $43,000. Finally, AlphaCore Capital LLC increased its position in shares of Invesco NASDAQ 100 ETF by 850.0% in the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock valued at $43,000 after buying an additional 170 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $256.88 on Friday. The business’s 50 day moving average price is $253.71 and its 200-day moving average price is $241.62. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The firm has a market capitalization of $67.28 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. The ex-dividend date of this dividend was Monday, December 22nd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%.

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.