Denver Wealth Management Inc. Grows Stock Position in Invesco NASDAQ 100 ETF $QQQM

Denver Wealth Management Inc. grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,334 shares of the company’s stock after buying an additional 2,448 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 19.0% of Denver Wealth Management Inc.’s portfolio, making the stock its 2nd largest holding. Denver Wealth Management Inc. owned about 0.07% of Invesco NASDAQ 100 ETF worth $53,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQM. Avaii Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares during the last quarter. Archer Investment Corp grew its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after buying an additional 44 shares during the last quarter. Foresight Capital Management Advisors Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.6% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after buying an additional 47 shares during the last quarter. ROSS JOHNSON & Associates LLC lifted its position in Invesco NASDAQ 100 ETF by 23.1% in the third quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after purchasing an additional 50 shares during the period. Finally, TIAA Trust National Association lifted its position in Invesco NASDAQ 100 ETF by 5.4% in the fourth quarter. TIAA Trust National Association now owns 979 shares of the company’s stock valued at $248,000 after purchasing an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.7%

Shares of NASDAQ:QQQM opened at $297.01 on Friday. The company has a market cap of $89.16 billion, a P/E 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 company has a 50-day moving average price of $280.33 and a 200 day moving average price of $261.51.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.