Founders Financial Alliance LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Founders Financial Alliance LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, Holdings Channel reports. The firm bought 2,791 shares of the company’s stock, valued at approximately $706,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avaii Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after buying an additional 40 shares during the period. Archer Investment Corp lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after buying an additional 44 shares during the period. Foresight Capital Management Advisors Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 4.6% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after buying an additional 47 shares during the period. ROSS JOHNSON & Associates LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 23.1% during the third quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after buying an additional 50 shares during the period. Finally, TIAA Trust National Association lifted its stake in shares of Invesco NASDAQ 100 ETF by 5.4% during the fourth quarter. TIAA Trust National Association now owns 979 shares of the company’s stock valued at $248,000 after buying an additional 50 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $295.02 on Friday. The company has a market capitalization of $88.56 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The company’s 50 day simple moving average is $279.20 and its 200 day simple moving average is $261.26. Invesco NASDAQ 100 ETF has a 1 year low of $215.55 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. 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 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

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.