Founders Financial Alliance LLC Invests $706,000 in Invesco NASDAQ 100 ETF $QQQM

Founders Financial Alliance LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,791 shares of the company’s stock, valued at approximately $706,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Forge Financial Services LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.0% during the fourth quarter. Forge Financial Services LLC now owns 68,498 shares of the company’s stock worth $17,331,000 after acquiring an additional 1,963 shares during the period. Great Valley Advisor Group Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 3.0% during the fourth quarter. Great Valley Advisor Group Inc. now owns 11,874 shares of the company’s stock worth $3,004,000 after acquiring an additional 347 shares during the period. Kovack Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 1,472.0% during the fourth quarter. Kovack Advisors Inc. now owns 38,938 shares of the company’s stock worth $9,394,000 after acquiring an additional 36,461 shares during the period. Sepio Capital LP increased its stake in shares of Invesco NASDAQ 100 ETF by 9.9% during the fourth quarter. Sepio Capital LP now owns 68,595 shares of the company’s stock worth $17,349,000 after acquiring an additional 6,202 shares during the period. Finally, Hudock Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 4.1% during the fourth quarter. Hudock Inc. now owns 109,821 shares of the company’s stock worth $27,776,000 after acquiring an additional 4,325 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 3.2%

Shares of QQQM opened at $295.02 on Friday. The firm’s 50-day moving average is $279.20 and its two-hundred day moving average is $261.26. Invesco NASDAQ 100 ETF has a twelve month low of $215.55 and a twelve month high of $308.21. The firm has a market capitalization of $88.56 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.