Daviman Financial LLC Invests $712,000 in Invesco NASDAQ 100 ETF $QQQM

Daviman Financial LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,816 shares of the company’s stock, valued at approximately $712,000.

Several other hedge funds have also made changes to their positions in the business. Avaii Wealth Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after buying an additional 40 shares during the period. Archer Investment Corp raised its position in Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after buying an additional 44 shares during the last quarter. Modera Wealth Management LLC raised its position in Invesco NASDAQ 100 ETF by 1.2% during the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after buying an additional 46 shares during the last quarter. Foresight Capital Management Advisors Inc. raised its position in 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 worth $270,000 after buying an additional 47 shares during the last quarter. Finally, Inscription Capital LLC raised its position in Invesco NASDAQ 100 ETF by 3.7% during the 3rd quarter. Inscription Capital LLC now owns 1,415 shares of the company’s stock worth $350,000 after buying an additional 50 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.4%

Shares of Invesco NASDAQ 100 ETF stock opened at $295.44 on Friday. The firm has a market cap of $88.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52-week low of $208.18 and a 52-week high of $297.33. The company’s 50-day simple moving average is $263.01 and its 200-day simple moving average is $256.53.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date 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 dividend on an annualized basis 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.