Abound Financial LLC Purchases Shares of 3,044 Invesco NASDAQ 100 ETF $QQQM

Abound Financial LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, HoldingsChannel reports. The fund purchased 3,044 shares of the company’s stock, valued at approximately $770,000.

Other hedge funds have also modified their holdings of the company. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $25,000. New Millennium Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Imprint Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Finally, Bank & Trust Co purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $46,000.

Invesco NASDAQ 100 ETF Stock Up 3.1%

Shares of Invesco NASDAQ 100 ETF stock opened at $306.24 on Tuesday. The firm has a market capitalization of $91.93 billion, a P/E ratio of 31.95 and a beta of 1.23. The company has a 50 day moving average price of $281.64 and a 200 day moving average price of $261.99. Invesco NASDAQ 100 ETF has a 52 week low of $215.55 and a 52 week high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. 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.

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.