Sandy Cove Advisors LLC Makes New $2.93 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Sandy Cove Advisors LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,577 shares of the company’s stock, valued at approximately $2,928,000. Invesco NASDAQ 100 ETF makes up approximately 0.9% of Sandy Cove Advisors LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after acquiring an additional 3,005,140 shares in the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at about $538,021,000. Bouchey Financial Group Ltd increased its holdings in shares of Invesco NASDAQ 100 ETF by 68,507.2% during the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Invesco NASDAQ 100 ETF by 25.9% during the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock valued at $560,746,000 after acquiring an additional 469,957 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 22.4% during the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock valued at $570,665,000 after acquiring an additional 422,032 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $295.44 on Monday. Invesco NASDAQ 100 ETF has a 52-week low of $208.18 and a 52-week high of $297.33. The company has a market cap of $88.69 billion, a P/E ratio of 31.95 and a beta of 1.21. The firm’s 50-day moving average price is $263.01 and its 200-day moving average price is $256.50.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd.

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.