Tradition Wealth Management LLC Boosts Position in Invesco NASDAQ 100 ETF $QQQM

Tradition Wealth Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 19.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,437 shares of the company’s stock after acquiring an additional 6,695 shares during the quarter. Tradition Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,227,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $25,000. New Millennium Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Imprint Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $31,000. Abich Financial Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $31,000. Finally, Bank & Trust Co purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $46,000.

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Invesco NASDAQ 100 ETF Stock Down 4.8%

QQQM stock opened at $290.35 on Friday. The business has a 50 day moving average price of $274.56 and a 200 day moving average price of $259.83. The stock has a market cap of $87.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. 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 0.5%. The ex-dividend date was Monday, March 23rd.

Invesco NASDAQ 100 ETF Company Profile

(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.

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