Connecticut Capital Management Group LLC Purchases New Holdings in Invesco NASDAQ 100 ETF $QQQM

Connecticut Capital Management Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,909 shares of the company’s stock, valued at approximately $2,759,000. Invesco NASDAQ 100 ETF comprises about 2.6% of Connecticut Capital Management Group LLC’s investment portfolio, making the stock its 11th largest holding.

Several other hedge funds also recently added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the last quarter. Empowered Funds LLC bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Trading Down 0.1%

Shares of NASDAQ:QQQM opened at $300.38 on Thursday. The company has a market capitalization of $90.17 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 12 month low of $210.80 and a 12 month high of $301.82. The firm’s 50-day moving average is $266.19 and its 200 day moving average is $257.44.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd. This is a positive change 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.