Highland Financial Advisors LLC Boosts Holdings in Invesco NASDAQ 100 ETF $QQQM

Highland Financial Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 146,715 shares of the company’s stock after buying an additional 2,262 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 10.3% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Highland Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $37,107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Avaii Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after purchasing an additional 40 shares during the period. Cypress Wealth Services LLC raised its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock valued at $307,000 after purchasing an additional 41 shares during the period. Base Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 3.9% in the third quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $286,000 after purchasing an additional 43 shares during the period. Twin Peaks Wealth Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 0.7% in the third quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock valued at $1,429,000 after purchasing an additional 43 shares during the period. Finally, Modera Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 1.2% in the third quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock valued at $969,000 after purchasing an additional 46 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $251.60 on Monday. The firm has a market capitalization of $73.20 billion, a PE ratio of 31.95 and a beta of 1.19. The company’s 50-day moving average is $246.77 and its 200-day moving average is $250.95. Invesco NASDAQ 100 ETF has a fifty-two week low of $176.19 and a fifty-two week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.5%.

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.