2,473 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Alta Wealth Advisors LLC

Alta Wealth Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 2,473 shares of the company’s stock, valued at approximately $611,000.

A number of other institutional investors have also recently added to or reduced their stakes in QQQM. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Invesco NASDAQ 100 ETF by 1,473.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after purchasing an additional 5,333 shares during the last quarter. Evolution Wealth Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 51,972.7% in the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock valued at $1,416,000 after purchasing an additional 5,717 shares during the period. Boyum Wealth Architects LLC raised its position in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after purchasing an additional 2,523 shares during the period. Brookstone Capital Management lifted its stake in shares of Invesco NASDAQ 100 ETF by 49.7% in the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after buying an additional 24,904 shares during the last quarter. Finally, Bank Hapoalim BM acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $35,091,000.

Invesco NASDAQ 100 ETF Trading Up 0.4%

NASDAQ:QQQM opened at $257.54 on Tuesday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The firm’s fifty day simple moving average is $254.00 and its 200 day simple moving average is $246.51. The firm has a market capitalization of $72.78 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were given a $0.323 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.