6,383 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, Holdings Channel reports. The firm purchased 6,383 shares of the company’s stock, valued at approximately $1,614,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQM. Bison Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $393,000. Capstone Wealth Management Group LLC increased its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth $534,000.

Invesco NASDAQ 100 ETF Stock Down 0.1%

Invesco NASDAQ 100 ETF stock opened at $300.38 on Thursday. Invesco NASDAQ 100 ETF has a 52-week low of $210.80 and a 52-week high of $301.82. The firm has a fifty day moving average of $266.19 and a 200-day moving average of $257.44. The firm has a market capitalization of $90.17 billion, a P/E ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF 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.