Silver Oak Securities Incorporated Purchases 2,921 Shares of Invesco NASDAQ 100 ETF $QQQM

Silver Oak Securities Incorporated boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 56,693 shares of the company’s stock after purchasing an additional 2,921 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.0% of Silver Oak Securities Incorporated’s holdings, making the stock its 15th largest holding. Silver Oak Securities Incorporated’s holdings in Invesco NASDAQ 100 ETF were worth $14,010,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in QQQM. Trust Co. of Toledo NA OH bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $28,000. Pflug Koory LLC purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at about $32,000. PrairieView Partners LLC boosted its position in Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the period. ROSS JOHNSON & Associates LLC bought a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $42,000. Finally, Mather Group LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $42,000.

Invesco NASDAQ 100 ETF Stock Down 0.8%

NASDAQ QQQM opened at $252.92 on Friday. The firm has a market cap of $66.24 billion, a P/E ratio of 31.95 and a beta of 1.16. The company’s 50 day moving average is $253.96 and its 200-day moving average is $242.44. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

About Invesco NASDAQ 100 ETF

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.