Nicholas Wealth LLC. Buys Shares of 4,601 Invesco NASDAQ 100 ETF $QQQM

Nicholas Wealth LLC. bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,601 shares of the company’s stock, valued at approximately $1,164,000.

Several other hedge funds have also modified their holdings of QQQM. Bison Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC grew its position in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Stock Down 1.9%

Shares of Invesco NASDAQ 100 ETF stock opened at $300.56 on Wednesday. The firm’s 50 day moving average price is $282.83 and its 200-day moving average price is $262.32. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21. The company has a market cap of $90.22 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.