Omnitrust Wealth Management Inc Invests $4.45 Million in Invesco NASDAQ 100 ETF $QQQM

Omnitrust Wealth Management Inc acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 17,606 shares of the company’s stock, valued at approximately $4,453,000. Invesco NASDAQ 100 ETF comprises approximately 5.7% of Omnitrust Wealth Management Inc’s portfolio, making the stock its 6th biggest holding.

Several other large investors have also modified their holdings of QQQM. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $393,000. Capstone Wealth Management Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $534,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $290.35 on Monday. The firm has a market cap of $87.16 billion, a PE ratio of 31.95 and a beta of 1.23. The business has a fifty day simple moving average of $274.56 and a 200-day simple moving average of $259.91. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21.

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 paid a dividend of $0.3277 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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