Western Wealth Management LLC Has $22.52 Million Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Western Wealth Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 133,606 shares of the company’s stock after purchasing an additional 9,949 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.6% of Western Wealth Management LLC’s holdings, making the stock its 6th largest position. Western Wealth Management LLC owned about 0.11% of Invesco NASDAQ 100 ETF worth $22,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Clearstead Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $30,000. Wells Fargo & Company MN boosted its holdings in shares of 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 acquiring an additional 237 shares during the period. Salem Investment Counselors Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $32,000. CVA Family Office LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $34,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $35,000.

Invesco NASDAQ 100 ETF Trading Down 0.6 %

Shares of NASDAQ:QQQM traded down $0.97 during trading on Thursday, reaching $174.26. 1,977,655 shares of the stock were exchanged, compared to its average volume of 1,867,831. Invesco NASDAQ 100 ETF has a 12 month low of $127.47 and a 12 month high of $184.88. The firm has a market cap of $22.18 billion, a PE ratio of 35.17 and a beta of 1.28. The stock has a 50-day moving average price of $180.37 and a 200-day moving average price of $167.65.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were issued a dividend of $0.3454 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.79%. 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.