79,013 Shares in Invesco NASDAQ 100 ETF $QQQM Purchased by Core Wealth Advisors LLC

Core Wealth Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 79,013 shares of the company’s stock, valued at approximately $19,984,000. Invesco NASDAQ 100 ETF makes up about 12.2% of Core Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest position.

A number of other institutional investors have also added to or reduced their stakes in the stock. Avaii Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.8% during the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares in the last quarter. Archer Investment Corp lifted its holdings 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 purchasing an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. lifted its holdings 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 purchasing an additional 47 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its holdings in Invesco NASDAQ 100 ETF by 23.1% during the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock worth $66,000 after purchasing an additional 50 shares in the last quarter. Finally, Longview Financial Advisors Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 5.5% during the 4th quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock worth $248,000 after purchasing an additional 51 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $303.96 on Friday. The stock’s 50-day simple moving average is $268.46 and its 200 day simple moving average is $258.13. The stock has a market capitalization of $91.24 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 $210.80 and a 52-week high of $305.33.

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 dividend of $0.3277 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a 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.