Investment Planning Advisors Inc. Makes New $17.82 Million Investment in Invesco NASDAQ 100 ETF $QQQM

Investment Planning Advisors Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 72,104 shares of the company’s stock, valued at approximately $17,818,000. Invesco NASDAQ 100 ETF makes up 5.6% of Investment Planning Advisors Inc.’s holdings, making the stock its 7th largest holding.

Several other large investors also recently modified their holdings of the stock. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth $28,000. Pflug Koory LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $32,000. PrairieView Partners LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. ROSS JOHNSON & Associates LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $42,000. Finally, Mather Group LLC. bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $42,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $252.92 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company has a market cap of $66.24 billion, a PE ratio of 31.95 and a beta of 1.16. The stock has a 50-day moving average of $253.96 and a 200-day moving average of $242.44.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, December 22nd.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding QQQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report).

Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Receive News & Ratings for Invesco NASDAQ 100 ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco NASDAQ 100 ETF and related companies with MarketBeat.com's FREE daily email newsletter.