J.W. Cole Advisors Inc. Raises Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

J.W. Cole Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 120.3% in the fourth quarter, HoldingsChannel reports. The firm owned 3,262 shares of the company’s stock after buying an additional 1,781 shares during the period. J.W. Cole Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $550,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Kraft Davis & Associates LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $236,000. Onyx Bridge Wealth Group LLC increased its position in Invesco NASDAQ 100 ETF by 52.0% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 11,396 shares of the company’s stock valued at $1,921,000 after buying an additional 3,901 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $42,000. American Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $210,000. Finally, RIA Advisory Group LLC increased its position in Invesco NASDAQ 100 ETF by 1,347.3% during the 4th quarter. RIA Advisory Group LLC now owns 22,766 shares of the company’s stock valued at $3,837,000 after buying an additional 21,193 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $174.90 on Wednesday. The business’s 50-day moving average is $179.94 and its 200 day moving average is $168.50. Invesco NASDAQ 100 ETF has a 1 year low of $127.47 and a 1 year high of $184.88. The firm has a market capitalization of $22.56 billion, a P/E ratio of 35.17 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.3454 per share. This represents a $1.38 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Monday, March 18th.

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.