Evolution Wealth Management Inc. Boosts Stake in Invesco NASDAQ 100 ETF $QQQM

Evolution Wealth Management Inc. grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 29.7% in the fourth quarter, Holdings Channel reports. The fund owned 7,430 shares of the company’s stock after acquiring an additional 1,702 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.6% of Evolution Wealth Management Inc.’s portfolio, making the stock its 12th largest position. Evolution Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Avaii Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 2.8% during the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares during the period. Archer Investment Corp grew its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after acquiring an additional 44 shares during the period. Foresight Capital Management Advisors Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 4.6% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after acquiring an additional 47 shares during the period. ROSS JOHNSON & Associates LLC grew its position in shares of Invesco NASDAQ 100 ETF by 23.1% during the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after acquiring an additional 50 shares during the period. Finally, Longview Financial Advisors Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 5.5% in the 4th quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock worth $248,000 after buying an additional 51 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.2%

QQQM opened at $306.61 on Thursday. The company has a 50 day moving average of $272.30 and a 200 day moving average of $259.24. The company has a market cap of $92.04 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 12 month low of $215.26 and a 12 month high of $308.21.

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 issued a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.4%.

Invesco NASDAQ 100 ETF Company 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.