Avalon Capital Management Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Avalon Capital Management purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,660 shares of the company’s stock, valued at approximately $420,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Avaii Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.8% in the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after buying an additional 40 shares during the last quarter. Archer Investment Corp lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after purchasing an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 4.6% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after purchasing an additional 47 shares in the last quarter. ROSS JOHNSON & Associates LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 23.1% in the 3rd quarter. ROSS JOHNSON & Associates LLC now owns 266 shares of the company’s stock valued at $66,000 after purchasing an additional 50 shares in the last quarter. Finally, Longview Financial Advisors Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 5.5% in the 4th quarter. Longview Financial Advisors Inc. now owns 981 shares of the company’s stock valued at $248,000 after purchasing an additional 51 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $306.61 on Thursday. The firm has a market capitalization of $92.04 billion, a P/E ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 1-year low of $215.26 and a 1-year high of $308.21. The business’s 50-day simple moving average is $272.30 and its 200-day simple moving average is $259.24.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.31 annualized dividend and a dividend yield of 0.4%. This is an increase 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.