Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Faithward Advisors LLC

Faithward Advisors LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 19.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,883 shares of the company’s stock after purchasing an additional 2,930 shares during the period. Faithward Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,419,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cypress Wealth Services LLC raised its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after purchasing an additional 41 shares in the last quarter. Base Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 3.9% during the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after buying an additional 43 shares in the last quarter. Twin Peaks Wealth Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 0.7% during the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after buying an additional 43 shares in the last quarter. Modera Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after buying an additional 46 shares during the last quarter. Finally, Sand Hill Global Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 4.3% in the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after buying an additional 48 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $248.45 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The stock has a market capitalization of $71.27 billion, a PE ratio of 31.95 and a beta of 1.16. The firm’s fifty day moving average price is $252.18 and its 200 day moving average price is $250.86.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.323 dividend. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd. This is an increase 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.