Silverlake Wealth Management LLC Invests $2.02 Million in Invesco NASDAQ 100 ETF $QQQM

Silverlake Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,185 shares of the company’s stock, valued at approximately $2,023,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Stephens Inc. AR raised its position in Invesco NASDAQ 100 ETF by 49.0% in the third quarter. Stephens Inc. AR now owns 1,851 shares of the company’s stock valued at $457,000 after purchasing an additional 609 shares during the last quarter. Optima Capital LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 6.2% during the third quarter. Optima Capital LLC now owns 7,074 shares of the company’s stock worth $1,748,000 after purchasing an additional 414 shares during the last quarter. Bestgate Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.0% in the third quarter. Bestgate Wealth Advisors LLC now owns 12,932 shares of the company’s stock valued at $3,196,000 after buying an additional 376 shares during the period. Cooper Capital Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 91.4% in the 3rd quarter. Cooper Capital Advisors LLC now owns 56,384 shares of the company’s stock valued at $13,934,000 after buying an additional 26,929 shares during the last quarter. Finally, Q3 Asset Management bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $2,544,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $255.11 on Thursday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The firm has a market capitalization of $70.95 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The company’s 50 day moving average price is $253.59 and its two-hundred day moving average price is $244.84.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.