Smith Shellnut Wilson LLC ADV Has $5.08 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Smith Shellnut Wilson LLC ADV increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.7% during the third quarter, Holdings Channel reports. The institutional investor owned 20,537 shares of the company’s stock after purchasing an additional 2,153 shares during the period. Invesco NASDAQ 100 ETF comprises about 1.9% of Smith Shellnut Wilson LLC ADV’s portfolio, making the stock its 12th largest holding. Smith Shellnut Wilson LLC ADV’s holdings in Invesco NASDAQ 100 ETF were worth $5,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at approximately $28,000. Pflug Koory LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $32,000. PrairieView Partners LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. Mather Group LLC. acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $42,000. Finally, Rosenberg Matthew Hamilton bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $43,000.

Invesco NASDAQ 100 ETF Trading Up 0.1%

Invesco NASDAQ 100 ETF stock opened at $258.24 on Tuesday. The firm has a market capitalization of $71.83 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The firm’s fifty day moving average price is $253.57 and its two-hundred day moving average price is $244.54. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis 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.