JGP Wealth Management LLC Purchases 2,637 Shares of Invesco NASDAQ 100 ETF $QQQM

JGP Wealth Management LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 25.0% in the 4th quarter, HoldingsChannel reports. The firm owned 13,173 shares of the company’s stock after acquiring an additional 2,637 shares during the period. JGP Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,332,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jackson Hole Capital Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $26,000. New Millennium Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $28,000. Finally, Abich Financial Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $31,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $242.07 on Tuesday. The company has a fifty day moving average price of $251.03 and a two-hundred day moving average price of $251.08. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The stock has a market cap of $69.44 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.3277 per share. The ex-dividend date is Monday, March 23rd. This represents a $1.31 dividend on an annualized basis 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

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.