Ritter Daniher Financial Advisory LLC DE Purchases New Stake in Invesco NASDAQ 100 ETF $QQQM

Ritter Daniher Financial Advisory LLC DE purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,661 shares of the company’s stock, valued at approximately $6,588,000. Invesco NASDAQ 100 ETF makes up about 1.2% of Ritter Daniher Financial Advisory LLC DE’s investment portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of QQQM. Wealth Management Nebraska raised its stake in shares of Invesco NASDAQ 100 ETF by 29.7% during the 3rd quarter. Wealth Management Nebraska now owns 8,783 shares of the company’s stock worth $2,170,000 after purchasing an additional 2,009 shares in the last quarter. Summit Global Investments grew its holdings in Invesco NASDAQ 100 ETF by 18.6% during the third quarter. Summit Global Investments now owns 1,689 shares of the company’s stock valued at $417,000 after purchasing an additional 265 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 51.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 58,673 shares of the company’s stock valued at $14,499,000 after buying an additional 19,979 shares during the last quarter. Hollencrest Capital Management grew its position in shares of Invesco NASDAQ 100 ETF by 2.5% in the third quarter. Hollencrest Capital Management now owns 439,084 shares of the company’s stock valued at $108,506,000 after purchasing an additional 10,718 shares during the last quarter. Finally, Strategic Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 20.1% in the 3rd quarter. Strategic Advisors LLC now owns 17,812 shares of the company’s stock valued at $4,402,000 after buying an additional 2,982 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.6%

Shares of Invesco NASDAQ 100 ETF stock opened at $259.14 on Friday. The company has a market cap of $73.56 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The company’s fifty day simple moving average is $254.92 and its 200-day simple moving average is $246.92. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.323 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.