Financial Security Advisor Inc. Takes Position in Invesco NASDAQ 100 ETF $QQQM

Financial Security Advisor Inc. purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 36,821 shares of the company’s stock, valued at approximately $9,313,000. Invesco NASDAQ 100 ETF comprises approximately 1.8% of Financial Security Advisor Inc.’s investment portfolio, making the stock its 12th largest position.

Other large investors have also modified their holdings of the company. Jackson Hole Capital Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $25,000. Garner Asset Management Corp acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. Wolff Wiese Magana LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $26,000. New Millennium Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares in the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000.

Invesco NASDAQ 100 ETF Trading Down 1.5%

QQQM opened at $291.89 on Friday. The stock’s 50-day moving average price is $258.72 and its 200 day moving average price is $255.37. Invesco NASDAQ 100 ETF has a 12-month low of $208.18 and a 12-month high of $297.29. The firm has a market cap of $87.62 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change 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.