Evolution Wealth Management Inc. Buys 1,702 Shares of Invesco NASDAQ 100 ETF $QQQM

Evolution Wealth Management Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 29.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,430 shares of the company’s stock after purchasing an additional 1,702 shares during the quarter. Invesco NASDAQ 100 ETF comprises 1.6% of Evolution Wealth Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Evolution Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,879,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Tide Cove Capital Partners LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 0.5% in the 4th quarter. Tide Cove Capital Partners LLC now owns 37,914 shares of the company’s stock worth $9,612,000 after acquiring an additional 179 shares during the last quarter. WCG Wealth Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 8.8% in the 4th quarter. WCG Wealth Advisors LLC now owns 19,691 shares of the company’s stock worth $4,979,000 after acquiring an additional 1,592 shares during the last quarter. Avestar Capital LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 0.4% in the 4th quarter. Avestar Capital LLC now owns 24,794 shares of the company’s stock worth $6,271,000 after acquiring an additional 96 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after buying an additional 62,705 shares during the last quarter. Finally, Greenwich Wealth Management LLC increased its stake in Invesco NASDAQ 100 ETF by 13.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 3,444 shares of the company’s stock valued at $871,000 after buying an additional 395 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $306.61 on Thursday. The firm has a market cap of $92.04 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52 week low of $215.26 and a 52 week high of $308.21. The firm has a 50-day moving average price of $272.30 and a two-hundred day moving average price of $259.24.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 annualized dividend and a yield of 0.4%.

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.