CDM Financial Counseling Services Inc. Invests $1.07 Million in Invesco NASDAQ 100 ETF $QQQM

CDM Financial Counseling Services Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,220 shares of the company’s stock, valued at approximately $1,067,000. Invesco NASDAQ 100 ETF comprises 1.0% of CDM Financial Counseling Services Inc.’s investment portfolio, making the stock its 26th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the company. Evensky & Katz LLC raised its holdings in Invesco NASDAQ 100 ETF by 7.8% during the fourth quarter. Evensky & Katz LLC now owns 37,473 shares of the company’s stock worth $9,478,000 after purchasing an additional 2,724 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $143,000. Mission Wealth Management LP purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $281,000. Dougherty & Associates LLC purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth $2,560,000. Finally, High Note Wealth LLC raised its position in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. High Note Wealth LLC now owns 20,831 shares of the company’s stock worth $5,269,000 after acquiring an additional 577 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $291.89 on Monday. The stock has a fifty day moving average price of $258.72 and a two-hundred day moving average price of $255.35. The stock has a market capitalization of $87.62 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.29.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. 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 0.4%.

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.