Theory Financial LLC Has $4.46 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Theory Financial LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,699 shares of the company’s stock after purchasing an additional 4,148 shares during the period. Invesco NASDAQ 100 ETF comprises 1.6% of Theory Financial LLC’s portfolio, making the stock its 18th biggest holding. Theory Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,456,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Jackson Hole Capital Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $26,000. Trust Co. of Toledo NA OH acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $28,000. Pflug Koory LLC bought a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $32,000. Finally, PrairieView Partners LLC raised its stake 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 acquiring an additional 132 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $255.71 on Friday. The company’s fifty day moving average is $253.77 and its 200-day moving average is $245.26. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The company has a market capitalization of $71.52 billion, a PE ratio of 31.95 and a beta of 1.16.

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 dividend of $0.323 per share. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.