Arsenal Capital Advisors LLC Makes New $752,000 Investment in Invesco NASDAQ 100 ETF $QQQM

Arsenal Capital Advisors LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,973 shares of the company’s stock, valued at approximately $752,000.

A number of other institutional investors have also added to or reduced their stakes in QQQM. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. New Millennium Group LLC increased its stake in Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000. Finally, Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $46,000.

Invesco NASDAQ 100 ETF Stock Down 4.8%

Shares of NASDAQ QQQM opened at $290.35 on Friday. The firm has a market capitalization of $87.16 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock’s 50-day simple moving average is $274.56 and its two-hundred day simple moving average is $259.83. Invesco NASDAQ 100 ETF has a twelve month low of $215.55 and a twelve month high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a $0.3277 dividend. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.