Core Wealth Advisors LLC Invests $19.98 Million in Invesco NASDAQ 100 ETF $QQQM

Core Wealth Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 79,013 shares of the company’s stock, valued at approximately $19,984,000. Invesco NASDAQ 100 ETF accounts for approximately 12.2% of Core Wealth Advisors LLC’s portfolio, making the stock its 2nd biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garner Asset Management Corp bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $25,000. New Millennium Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after acquiring an additional 94 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $31,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $31,000. Finally, Bank & Trust Co bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $46,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $303.96 on Friday. The company has a market capitalization of $91.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a fifty-two week low of $210.80 and a fifty-two week high of $305.33. The stock has a fifty day moving average of $268.46 and a 200-day moving average of $258.13.

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 paid 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 was Monday, March 23rd. This is a positive change 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.