Iams Wealth Management LLC Buys New Position in Invesco NASDAQ 100 ETF $QQQM

Iams Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, Holdings Channel.com reports. The firm purchased 4,321 shares of the company’s stock, valued at approximately $1,093,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Rolek Wealth Management LLC grew its position in Invesco NASDAQ 100 ETF by 58.2% during the fourth quarter. Rolek Wealth Management LLC now owns 30,064 shares of the company’s stock valued at $7,604,000 after acquiring an additional 11,060 shares during the last quarter. Private Trust Co. NA grew its position in Invesco NASDAQ 100 ETF by 6.6% during the fourth quarter. Private Trust Co. NA now owns 9,593 shares of the company’s stock valued at $2,426,000 after acquiring an additional 595 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Invesco NASDAQ 100 ETF by 11.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 721,406 shares of the company’s stock valued at $182,458,000 after acquiring an additional 75,826 shares during the last quarter. Discipline Wealth Solutions LLC grew its position in Invesco NASDAQ 100 ETF by 6.1% during the fourth quarter. Discipline Wealth Solutions LLC now owns 1,429 shares of the company’s stock valued at $361,000 after acquiring an additional 82 shares during the last quarter. Finally, United Advisor Group LLC grew its position in Invesco NASDAQ 100 ETF by 1.8% during the fourth quarter. United Advisor Group LLC now owns 32,682 shares of the company’s stock valued at $8,266,000 after acquiring an additional 577 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $263.69 on Friday. Invesco NASDAQ 100 ETF has a one year low of $176.19 and a one year high of $264.41. The firm’s 50 day simple moving average is $247.42 and its two-hundred day simple moving average is $251.28. The stock has a market capitalization of $77.47 billion, a P/E ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. The ex-dividend date was Monday, March 23rd. 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%.

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.