Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.1% in the third quarter, Holdings Channel reports. The fund owned 13,833 shares of the company’s stock after buying an additional 2,686 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,418,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of QQQM. San Luis Wealth Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $1,932,000. Boyum Wealth Architects LLC grew its stake in Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after purchasing an additional 2,523 shares in the last quarter. Brookstone Capital Management grew its stake in Invesco NASDAQ 100 ETF by 49.7% during the 3rd quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after purchasing an additional 24,904 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in Invesco NASDAQ 100 ETF by 1,473.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after purchasing an additional 5,333 shares during the period. Finally, Bank of Nova Scotia acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $277,718,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $256.86 on Thursday. The business has a 50-day simple moving average of $253.67 and a 200-day simple moving average of $243.65. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company has a market cap of $71.17 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.323 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 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.

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.