Forge Financial Services LLC Buys 1,963 Shares of Invesco NASDAQ 100 ETF $QQQM

Forge Financial Services LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 68,498 shares of the company’s stock after buying an additional 1,963 shares during the period. Invesco NASDAQ 100 ETF accounts for 7.4% of Forge Financial Services LLC’s holdings, making the stock its 5th largest holding. Forge Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $17,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. New Millennium Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 671.4% in 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 during the period. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Abich Financial Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Finally, Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $46,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $295.02 on Friday. The firm has a 50-day moving average of $279.20 and a 200-day moving average of $261.26. The stock has a market cap of $88.56 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. 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 dividend on an annualized basis and a dividend 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.