SMI Advisory Services LLC Grows Stock Position in Invesco NASDAQ 100 ETF $QQQM

SMI Advisory Services LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 624.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,683 shares of the company’s stock after acquiring an additional 22,138 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.1% of SMI Advisory Services LLC’s holdings, making the stock its 16th largest holding. SMI Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,632,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of QQQM. Jackson Hole Capital Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $26,000. New Millennium Group LLC lifted its position in Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at about $28,000. Finally, Abich Financial Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000.

Invesco NASDAQ 100 ETF Trading Down 2.4%

NASDAQ QQQM opened at $236.21 on Friday. The stock has a market capitalization of $67.75 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average is $250.02 and its two-hundred day moving average is $250.94. 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 declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 23rd will be paid a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, March 23rd.

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.