Forge Financial Services LLC Increases Position in Invesco NASDAQ 100 ETF $QQQM

Forge Financial Services LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,498 shares of the company’s stock after purchasing an additional 1,963 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 7.4% of Forge Financial Services LLC’s investment portfolio, making the stock its 5th biggest holding. Forge Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $17,331,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. New Millennium Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after buying an additional 94 shares during the last quarter. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Abich Financial Wealth Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Finally, Bank & Trust Co acquired a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth $46,000.

Invesco NASDAQ 100 ETF Trading Up 3.2%

Shares of QQQM opened at $295.02 on Friday. The company has a market cap of $88.56 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21. The company’s fifty day simple moving average is $279.20 and its 200 day simple moving average is $261.26.

Invesco NASDAQ 100 ETF Increases Dividend

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

Invesco NASDAQ 100 ETF 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.