Fortitude Financial LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

by · The Cerbat Gem

Fortitude Financial LLC acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,931 shares of the company’s stock, valued at approximately $2,006,000. Invesco NASDAQ 100 ETF accounts for approximately 1.7% of Fortitude Financial LLC’s investment portfolio, making the stock its 12th largest position.

Several other large investors have also made changes to their positions in the business. Vantagepoint Investment Advisers LLC bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $538,021,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Invesco NASDAQ 100 ETF by 4,547.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 924,520 shares of the company’s stock valued at $228,467,000 after acquiring an additional 904,626 shares during the period. Bouchey Financial Group Ltd boosted its position in shares of Invesco NASDAQ 100 ETF by 68,507.2% in the fourth quarter. Bouchey Financial Group Ltd now owns 587,964 shares of the company’s stock valued at $148,708,000 after acquiring an additional 587,107 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Invesco NASDAQ 100 ETF by 25.9% in the third quarter. Jones Financial Companies Lllp now owns 2,285,296 shares of the company’s stock worth $560,746,000 after acquiring an additional 469,957 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Invesco NASDAQ 100 ETF by 22.4% during the third quarter. Ameriprise Financial Inc. now owns 2,309,059 shares of the company’s stock worth $570,665,000 after acquiring an additional 422,032 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.3%

NASDAQ:QQQM traded up $3.44 during trading hours on Friday, hitting $267.13. 3,082,467 shares of the company traded hands, compared to its average volume of 4,895,086. Invesco NASDAQ 100 ETF has a twelve month low of $176.19 and a twelve month high of $267.62. The firm has a 50-day moving average of $247.74 and a 200 day moving average of $251.45. The stock has a market capitalization of $78.48 billion, a price-to-earnings ratio of 31.95 and a beta of 1.19.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.

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