Foundations Investment Advisors LLC Purchases 8,622 Shares of Invesco NASDAQ 100 ETF $QQQM

Foundations Investment Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.7% in the 4th quarter, HoldingsChannel reports. The fund owned 67,295 shares of the company’s stock after acquiring an additional 8,622 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $17,020,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bright Futures Wealth Management LLC. purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $617,000. Drake & Associates LLC grew its position in Invesco NASDAQ 100 ETF by 4.7% during the 3rd quarter. Drake & Associates LLC now owns 50,061 shares of the company’s stock worth $12,845,000 after purchasing an additional 2,268 shares during the last quarter. Atria Investments Inc grew its position in Invesco NASDAQ 100 ETF by 6.1% during the 3rd quarter. Atria Investments Inc now owns 57,028 shares of the company’s stock worth $14,093,000 after purchasing an additional 3,275 shares during the last quarter. Blue Edge Capital LLC grew its position in Invesco NASDAQ 100 ETF by 29.9% during the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after purchasing an additional 5,309 shares during the last quarter. Finally, EdgeRock Capital LLC grew its position in Invesco NASDAQ 100 ETF by 2.5% during the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after purchasing an additional 3,809 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.1%

NASDAQ:QQQM opened at $300.38 on Thursday. The company has a market cap of $90.17 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a twelve month low of $210.80 and a twelve month high of $301.82. The company’s 50 day moving average is $266.19 and its two-hundred day moving average is $257.44.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.4%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.