RIA Advisory Group LLC Increases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

RIA Advisory Group LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,347.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,766 shares of the company’s stock after purchasing an additional 21,193 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 1.1% of RIA Advisory Group LLC’s holdings, making the stock its 13th largest position. RIA Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,837,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Clearstead Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $30,000. Wells Fargo & Company MN grew its position in Invesco NASDAQ 100 ETF by 578.0% during the fourth quarter. Wells Fargo & Company MN now owns 278 shares of the company’s stock worth $30,000 after buying an additional 237 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. CVA Family Office LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $34,000. Finally, Pinnacle Bancorp Inc. bought a new stake in Invesco NASDAQ 100 ETF during the third quarter worth about $35,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock traded down $3.63 during mid-day trading on Friday, hitting $170.63. 2,813,354 shares of the stock were exchanged, compared to its average volume of 1,880,290. The business has a fifty day moving average price of $180.29 and a 200 day moving average price of $167.70. Invesco NASDAQ 100 ETF has a 12 month low of $127.47 and a 12 month high of $184.88. The stock has a market capitalization of $21.88 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.3454 per share. This represents a $1.38 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco NASDAQ 100 ETF Company 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.