Bauman Advisory Group LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Bauman Advisory Group LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 48,094 shares of the company’s stock, valued at approximately $12,164,000. Invesco NASDAQ 100 ETF accounts for approximately 9.8% of Bauman Advisory Group LLC’s investment portfolio, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of QQQM. Avaii Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after buying an additional 40 shares during the period. Archer Investment Corp grew its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after acquiring an additional 44 shares during the period. Jacobi Capital Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after acquiring an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 4.6% in the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after acquiring an additional 47 shares in the last quarter. Finally, Motiv8 Investments LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 0.5% in the 4th quarter. Motiv8 Investments LLC now owns 9,410 shares of the company’s stock valued at $2,380,000 after purchasing an additional 47 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 2.3%

NASDAQ QQQM opened at $304.52 on Friday. The firm has a market capitalization of $91.41 billion, a PE ratio of 31.95 and a beta of 1.23. The stock’s 50 day moving average is $285.18 and its 200 day moving average is $262.99. 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. Stockholders of record on Monday, March 23rd were issued a dividend of $0.3277 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a dividend 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.