Independent Advisor Alliance Purchases 2,368 Shares of Invesco NASDAQ 100 ETF $QQQM

Independent Advisor Alliance boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,547 shares of the company’s stock after buying an additional 2,368 shares during the quarter. Independent Advisor Alliance’s holdings in Invesco NASDAQ 100 ETF were worth $5,955,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. World Investment Advisors boosted its holdings in Invesco NASDAQ 100 ETF by 8.0% in the fourth quarter. World Investment Advisors now owns 86,207 shares of the company’s stock valued at $21,076,000 after acquiring an additional 6,420 shares during the last quarter. Rollins Financial Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 16.0% in the fourth quarter. Rollins Financial Advisors LLC now owns 79,408 shares of the company’s stock valued at $20,084,000 after acquiring an additional 10,974 shares during the last quarter. Cascades Capital Asset Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 37.3% in the fourth quarter. Cascades Capital Asset Management LLC now owns 832 shares of the company’s stock valued at $210,000 after acquiring an additional 226 shares during the last quarter. Investment Advisory Services Group LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $5,032,000. Finally, One Day In July LLC boosted its holdings in Invesco NASDAQ 100 ETF by 3.1% in the fourth quarter. One Day In July LLC now owns 249,241 shares of the company’s stock valued at $63,038,000 after acquiring an additional 7,411 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.9%

Invesco NASDAQ 100 ETF stock opened at $291.14 on Wednesday. The business’s 50-day simple moving average is $256.06 and its 200 day simple moving average is $254.52. The stock has a market cap of $87.39 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 12-month low of $208.18 and a 12-month high of $294.22.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors 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. This represents a $1.31 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, March 23rd.

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.