Tempo Wealth LLC Invests $6.40 Million in Invesco NASDAQ 100 ETF $QQQM

Tempo Wealth LLC bought a new stake in 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 25,321 shares of the company’s stock, valued at approximately $6,404,000. Invesco NASDAQ 100 ETF comprises approximately 1.1% of Tempo Wealth LLC’s investment portfolio, making the stock its 22nd largest position.

A number of other large investors also recently made changes to their positions in QQQM. MidFirst Bank purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $248,000. Barnes Wealth Management Group Inc boosted its stake in shares of Invesco NASDAQ 100 ETF by 8.4% in the 4th quarter. Barnes Wealth Management Group Inc now owns 1,994 shares of the company’s stock worth $504,000 after buying an additional 155 shares during the last quarter. Lynch Investment Planning LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $5,586,000. Floyd Financial Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $239,000. Finally, Drake & Associates LLC increased its position in shares of Invesco NASDAQ 100 ETF by 12.4% during the fourth quarter. Drake & Associates LLC now owns 56,281 shares of the company’s stock valued at $14,235,000 after acquiring an additional 6,220 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 2.3%

Shares of Invesco NASDAQ 100 ETF stock opened at $304.52 on Friday. The business’s fifty day simple moving average is $285.18 and its 200 day simple moving average is $262.99. The firm has a market capitalization of $91.41 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12 month low of $215.55 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.