Prospera Financial Services Inc Raises Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Prospera Financial Services Inc increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 32.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,876 shares of the company’s stock after buying an additional 16,407 shares during the quarter. Prospera Financial Services Inc’s holdings in Invesco NASDAQ 100 ETF were worth $16,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Avaii Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 2.8% in 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 increased its stake in shares of Invesco NASDAQ 100 ETF by 2.0% in the fourth 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 period. Modera Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 1.2% in the third 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 period. Foresight Capital Management Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 4.6% in the fourth 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 period. Finally, Investor s Fiduciary Advisor Network LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.4% in the third quarter. Investor s Fiduciary Advisor Network LLC now owns 1,508 shares of the company’s stock worth $372,000 after buying an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.4%

Shares of NASDAQ QQQM opened at $295.44 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $208.18 and a 52 week high of $297.33. The firm’s fifty day moving average is $263.01 and its 200 day moving average is $256.53. The company 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend 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.