Fiduciary Alliance LLC Boosts Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Fiduciary Alliance LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 151.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,650 shares of the company’s stock after acquiring an additional 2,198 shares during the period. Fiduciary Alliance LLC’s holdings in Invesco NASDAQ 100 ETF were worth $958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares during the period. Principia Wealth Advisory LLC raised its holdings in Invesco NASDAQ 100 ETF by 1,615.9% in the fourth quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after acquiring an additional 899,154 shares in the last quarter. Bouchey Financial Group Ltd raised its holdings in Invesco NASDAQ 100 ETF by 68,507.2% in the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares in the last quarter. Royal Bank of Canada lifted its stake in Invesco NASDAQ 100 ETF by 62.9% in the fourth quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after acquiring an additional 497,004 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.3%

NASDAQ QQQM opened at $290.95 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $224.15 and a 52 week high of $308.21. The firm has a 50 day moving average of $290.23 and a two-hundred day moving average of $264.64. The stock has a market capitalization of $87.34 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%.

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.