Founders Financial Securities LLC Acquires New Holdings in Invesco NASDAQ 100 ETF $QQQM

Founders Financial Securities LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,089 shares of the company’s stock, valued at approximately $1,010,000.

Several other large investors also recently made changes to their positions in the company. Santori & Peters Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 28.6% during the third quarter. Santori & Peters Inc. now owns 1,918 shares of the company’s stock valued at $474,000 after buying an additional 427 shares during the last quarter. Cypress Wealth Services LLC grew its holdings in Invesco NASDAQ 100 ETF by 3.4% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after buying an additional 41 shares in the last quarter. DAVENPORT & Co LLC increased its position in Invesco NASDAQ 100 ETF by 22.6% in the 3rd quarter. DAVENPORT & Co LLC now owns 3,854 shares of the company’s stock valued at $952,000 after acquiring an additional 711 shares during the period. Enclave Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 24.9% during the 3rd quarter. Enclave Advisors LLC now owns 34,446 shares of the company’s stock valued at $8,512,000 after acquiring an additional 6,872 shares in the last quarter. Finally, Summit Financial Consulting LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $6,634,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $256.63 on Thursday. The stock has a market cap of $67.21 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. The business has a fifty day moving average of $253.35 and a 200-day moving average of $241.09.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.