Calton & Associates Inc. Buys 3,675 Shares of Invesco NASDAQ 100 ETF $QQQM

Calton & Associates Inc. lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,416 shares of the company’s stock after acquiring an additional 3,675 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.1% of Calton & Associates Inc.’s portfolio, making the stock its 19th biggest position. Calton & Associates Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,693,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in QQQM. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth about $393,000. Capstone Wealth Management Group LLC increased its position 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 valued at $7,129,000 after buying an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. increased its position 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 valued at $9,876,000 after buying an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $742,000. Finally, Valeo Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $305.82 on Wednesday. Invesco NASDAQ 100 ETF has a one year low of $215.25 and a one year high of $307.33. The firm has a market capitalization of $91.80 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The business has a 50-day simple moving average of $269.69 and a 200 day simple moving average of $258.49.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend 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.