Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stake Raised by Echo45 Advisors LLC

Echo45 Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,579 shares of the company’s stock after buying an additional 4,596 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 11.4% of Echo45 Advisors LLC’s holdings, making the stock its 3rd biggest position. Echo45 Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,761,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQM. Western Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 8.0% during the 4th quarter. Western Wealth Management LLC now owns 133,606 shares of the company’s stock worth $22,518,000 after purchasing an additional 9,949 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of Invesco NASDAQ 100 ETF by 100.7% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 32,166 shares of the company’s stock worth $5,421,000 after purchasing an additional 16,140 shares during the period. Roman Butler Fullerton & Co. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $433,000. Goodman Advisory Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 72,100.0% during the 4th quarter. Goodman Advisory Group LLC now owns 3,610 shares of the company’s stock worth $608,000 after purchasing an additional 3,605 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $5,453,000.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

Shares of QQQM stock traded down $0.97 on Thursday, reaching $174.26. 1,977,655 shares of the stock were exchanged, compared to its average volume of 1,867,831. Invesco NASDAQ 100 ETF has a 1-year low of $127.47 and a 1-year high of $184.88. The stock has a market cap of $22.18 billion, a P/E ratio of 35.17 and a beta of 1.28. The firm has a 50 day moving average of $180.37 and a two-hundred day moving average of $167.65.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were given a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a yield of 0.79%.

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.