Cornerstone Wealth Management LLC Grows Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cornerstone Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,588 shares of the company’s stock after acquiring an additional 1,824 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,904,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Northern Trust Corp acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $420,000. Proficio Capital Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth $6,882,000. HighTower Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 45,980 shares of the company’s stock worth $9,676,000 after purchasing an additional 587 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Invesco NASDAQ 100 ETF by 1,271.5% in the fourth quarter. Wells Fargo & Company MN now owns 34,369 shares of the company’s stock valued at $7,233,000 after purchasing an additional 31,863 shares during the last quarter. Finally, Bestgate Wealth Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at $2,815,000.

Invesco NASDAQ 100 ETF Stock Down 1.0%

NASDAQ:QQQM opened at $217.82 on Wednesday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $222.64. The stock has a fifty day simple moving average of $204.30 and a 200-day simple moving average of $207.13. The company has a market capitalization of $46.47 billion, a PE ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a dividend of $0.3176 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

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.