Calton & Associates Inc. Purchases 3,675 Shares of Invesco NASDAQ 100 ETF $QQQM

Calton & Associates Inc. boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,416 shares of the company’s stock after acquiring an additional 3,675 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 1.1% of Calton & Associates Inc.’s portfolio, making the stock its 19th largest holding. Calton & Associates Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in QQQM. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $25,000. New Millennium Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Imprint Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000. Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $31,000. Finally, Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $46,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $305.82 on Wednesday. The stock has a market capitalization of $91.80 billion, a PE ratio of 31.95 and a beta of 1.21. The firm’s 50 day moving average is $269.69 and its 200 day moving average is $258.49. Invesco NASDAQ 100 ETF has a 12 month low of $215.25 and a 12 month high of $307.33.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.