Tennessee Valley Asset Management Partners Acquires 3,397 Shares of Invesco NASDAQ 100 ETF $QQQM

Tennessee Valley Asset Management Partners boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,798 shares of the company’s stock after acquiring an additional 3,397 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 0.7% of Tennessee Valley Asset Management Partners’ portfolio, making the stock its 26th largest holding. Tennessee Valley Asset Management Partners’ holdings in Invesco NASDAQ 100 ETF were worth $5,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQM. Jackson Hole Capital Partners LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $25,000. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $25,000. Wolff Wiese Magana LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $26,000. New Millennium Group LLC raised its position in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. Finally, Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $291.89 on Friday. The firm has a market cap of $87.62 billion, a PE ratio of 31.95 and a beta of 1.21. The firm’s 50 day moving average price is $258.72 and its 200 day moving average price is $255.37. Invesco NASDAQ 100 ETF has a twelve month low of $208.18 and a twelve month high of $297.29.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a yield of 0.4%.

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.