Stratos Wealth Partners LTD. Increases Stake in Invesco NASDAQ 100 ETF $QQQM

Stratos Wealth Partners LTD. raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,865 shares of the company’s stock after purchasing an additional 11,662 shares during the quarter. Stratos Wealth Partners LTD. owned 0.06% of Invesco NASDAQ 100 ETF worth $43,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQM. Invesco Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 3.2% during the 3rd quarter. Invesco Ltd. now owns 11,185,021 shares of the company’s stock valued at $2,764,042,000 after purchasing an additional 350,190 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd grew its position in Invesco NASDAQ 100 ETF by 0.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,882,663 shares of the company’s stock worth $959,484,000 after purchasing an additional 22,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Invesco NASDAQ 100 ETF by 6.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 3,598,711 shares of the company’s stock worth $889,313,000 after acquiring an additional 231,965 shares during the period. Raymond James Financial Inc. lifted its position in Invesco NASDAQ 100 ETF by 5.9% during the third quarter. Raymond James Financial Inc. now owns 2,623,734 shares of the company’s stock valued at $648,377,000 after purchasing an additional 146,401 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 22.4% in the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after purchasing an additional 422,032 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $240.86 on Friday. The company has a market capitalization of $69.45 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50 day simple moving average of $247.90 and a two-hundred day simple moving average of $250.80. 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 business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.3277 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company 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.