Summit Financial Consulting LLC Raises Stake in Invesco NASDAQ 100 ETF $QQQM

Summit Financial Consulting LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,458 shares of the company’s stock after purchasing an additional 2,613 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 5.4% of Summit Financial Consulting LLC’s investment portfolio, making the stock its 7th largest holding. Summit Financial Consulting LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,451,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of QQQM. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $393,000. Capstone Wealth Management Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $254.17 on Tuesday. The company’s 50-day simple moving average is $246.70 and its 200 day simple moving average is $251.01. Invesco NASDAQ 100 ETF has a 52 week low of $176.19 and a 52 week high of $262.23. The company has a market capitalization of $73.95 billion, a PE ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3277 dividend. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

Invesco NASDAQ 100 ETF 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.