Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Three Cord True Wealth Management LLC

Three Cord True Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 109.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,015 shares of the company’s stock after acquiring an additional 2,617 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 0.8% of Three Cord True Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Three Cord True Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Bison Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $393,000. Capstone Wealth Management Group LLC boosted its position in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after buying an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares during the period. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $742,000. Finally, Naples Global Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $227,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $256.05 on Friday. The company has a market capitalization of $72.68 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The firm’s fifty day simple moving average is $255.19 and its 200-day simple moving average is $247.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. 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.