Mid American Wealth Advisory Group Inc. Has $3.41 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Mid American Wealth Advisory Group Inc. increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3,856.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,807 shares of the company’s stock after purchasing an additional 13,458 shares during the quarter. Invesco NASDAQ 100 ETF makes up 1.5% of Mid American Wealth Advisory Group Inc.’s investment portfolio, making the stock its 20th largest holding. Mid American Wealth Advisory Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,412,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. San Luis Wealth Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $1,932,000. Boyum Wealth Architects LLC grew its position in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after purchasing an additional 2,523 shares during the last quarter. Brookstone Capital Management grew its position in shares of Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock valued at $18,535,000 after purchasing an additional 24,904 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $277,718,000. Finally, Adapt Wealth Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 1.4% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 91,240 shares of the company’s stock worth $20,721,000 after purchasing an additional 1,303 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.2%

Shares of NASDAQ:QQQM opened at $255.04 on Wednesday. The company has a market cap of $66.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50 day moving average price of $253.86 and a 200 day moving average price of $242.30. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.323 dividend. 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 dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.