Abound Financial LLC Invests $770,000 in Invesco NASDAQ 100 ETF $QQQM

Abound Financial LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,044 shares of the company’s stock, valued at approximately $770,000.

A number of other hedge funds also recently added to or reduced their stakes in QQQM. Garner Asset Management Corp purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth about $25,000. New Millennium Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 671.4% during the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at about $31,000. Imprint Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at about $31,000. Finally, Bank & Trust Co purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $46,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $306.24 on Tuesday. The firm has a market cap of $91.93 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The firm has a 50-day simple moving average of $281.64 and a two-hundred day simple moving average of $261.99. Invesco NASDAQ 100 ETF has a one year low of $215.55 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. 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. This represents a $1.31 annualized dividend and a dividend yield of 0.4%.

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.