Foundations Investment Advisors LLC Has $14.50 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Foundations Investment Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 51.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,673 shares of the company’s stock after buying an additional 19,979 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of QQQM. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $538,021,000. Invesco Ltd. grew its position in Invesco NASDAQ 100 ETF by 18.8% during the second quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after purchasing an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in Invesco NASDAQ 100 ETF by 73.1% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock valued at $876,757,000 after buying an additional 1,630,000 shares during the period. Soundwatch Capital LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $3,159,000. Finally, Bank of Nova Scotia purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $277,718,000.

Invesco NASDAQ 100 ETF Stock Up 0.4%

Invesco NASDAQ 100 ETF stock opened at $260.76 on Thursday. The company’s fifty day simple moving average is $254.56 and its 200-day simple moving average is $246.84. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a market cap of $73.60 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd.

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.