Enclave Advisors LLC Acquires 6,872 Shares of Invesco NASDAQ 100 ETF $QQQM

Enclave Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 34,446 shares of the company’s stock after purchasing an additional 6,872 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 1.3% of Enclave Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Enclave Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,512,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $393,000. Capstone Wealth Management Group LLC lifted 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 period. Russell Investments Group Ltd. grew its stake in Invesco NASDAQ 100 ETF by 88.5% during the first quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock worth $76,000 after buying an additional 185 shares in the last quarter. Quantbot Technologies LP bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $224,000. Finally, SVB Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $95,000.

Invesco NASDAQ 100 ETF Trading Up 0.5%

NASDAQ QQQM opened at $256.18 on Wednesday. The firm’s 50 day simple moving average is $253.18 and its 200 day simple moving average is $240.98. The firm has a market capitalization of $67.10 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, December 22nd.

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.