Alchemi Wealth LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Alchemi Wealth LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,228 shares of the company’s stock, valued at approximately $3,346,000. Invesco NASDAQ 100 ETF makes up approximately 1.8% of Alchemi Wealth LLC’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors have also bought and sold shares of QQQM. Bison Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $297.01 on Friday. The company’s 50 day simple moving average is $280.33 and its two-hundred day simple moving average is $261.51. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21. The firm has a market capitalization of $89.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Increases Dividend

The company 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 represents a $1.31 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.