FF Advisors LLC Buys Shares of 3,086 Invesco NASDAQ 100 ETF $QQQM

FF Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,086 shares of the company’s stock, valued at approximately $781,000.

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

Invesco NASDAQ 100 ETF Stock Up 0.7%

QQQM stock opened at $297.01 on Friday. The company has a market capitalization of $89.16 billion, a P/E ratio of 31.95 and a beta of 1.23. The company has a 50-day simple moving average of $280.33 and a 200 day simple moving average of $261.51. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, March 23rd. This is an increase 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%.

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.