64,920 Shares in Invesco NASDAQ 100 ETF $QQQM Bought by AdvisorShares Investments LLC

AdvisorShares Investments LLC bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 64,920 shares of the company’s stock, valued at approximately $16,420,000. Invesco NASDAQ 100 ETF comprises approximately 2.7% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 7th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Impact Partnership Wealth LLC raised its stake in Invesco NASDAQ 100 ETF by 15.7% during the 4th quarter. Impact Partnership Wealth LLC now owns 1,896 shares of the company’s stock valued at $480,000 after purchasing an additional 257 shares during the last quarter. Soundwatch Capital LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $201,000. Madison Wealth Partners Inc raised its stake in shares of Invesco NASDAQ 100 ETF by 5.9% in the 4th quarter. Madison Wealth Partners Inc now owns 16,883 shares of the company’s stock valued at $4,270,000 after buying an additional 934 shares in the last quarter. Zhang Financial LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 4.4% in the 4th quarter. Zhang Financial LLC now owns 9,752 shares of the company’s stock valued at $2,466,000 after buying an additional 407 shares in the last quarter. Finally, Principia Wealth Advisory LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 1,615.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after buying an additional 899,154 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $303.96 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $210.80 and a 52-week high of $305.33. The stock has a market cap of $91.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The firm has a fifty day moving average of $268.46 and a 200-day moving average of $258.13.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued 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 a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.