Avise Financial Cooperative Inc. Buys Shares of 10,790 Invesco NASDAQ 100 ETF $QQQM

Avise Financial Cooperative Inc. bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,790 shares of the company’s stock, valued at approximately $2,729,000. Invesco NASDAQ 100 ETF comprises approximately 2.5% of Avise Financial Cooperative Inc.’s holdings, making the stock its 13th biggest holding.

Other large investors also recently bought and sold shares of the company. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. New Millennium Group LLC lifted its position in Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Finally, Bank & Trust Co acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $46,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $304.94 on Friday. The stock has a market capitalization of $91.54 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1 year low of $215.26 and a 1 year high of $308.21. The company’s 50-day simple moving average is $273.60 and its 200-day simple moving average is $259.62.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. 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.

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.