Invesco NASDAQ 100 ETF $QQQM Stake Boosted by Kovack Advisors Inc.

Kovack Advisors Inc. increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,472.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,938 shares of the company’s stock after purchasing an additional 36,461 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $9,394,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC grew its stake in Invesco NASDAQ 100 ETF by 2.8% during the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares in the last quarter. Archer Investment Corp grew its stake in Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after acquiring an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. grew its stake in Invesco NASDAQ 100 ETF by 4.6% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after acquiring an additional 47 shares in the last quarter. ROSS JOHNSON & Associates LLC grew its stake in Invesco NASDAQ 100 ETF by 23.1% during the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after acquiring an additional 50 shares in the last quarter. Finally, TIAA Trust National Association grew its stake in Invesco NASDAQ 100 ETF by 5.4% during the 4th quarter. TIAA Trust National Association now owns 979 shares of the company’s stock valued at $248,000 after acquiring an additional 50 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $295.02 on Friday. The firm has a market cap of $88.56 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 52-week low of $215.55 and a 52-week high of $308.21. The stock has a 50-day simple moving average of $279.20 and a 200-day simple moving average of $261.26.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

Invesco NASDAQ 100 ETF 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.