Independent Wealth Network Inc. Has $1.36 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Independent Wealth Network Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 97.6% during the third quarter, Holdings Channel reports. The fund owned 5,493 shares of the company’s stock after acquiring an additional 2,713 shares during the period. Independent Wealth Network Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,357,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Pflug Koory LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at approximately $32,000. PrairieView Partners LLC boosted its position in Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the last quarter. ROSS JOHNSON & Associates LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $42,000. Rosenberg Matthew Hamilton bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth $43,000. Finally, AlphaCore Capital LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 850.0% during the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock valued at $43,000 after acquiring an additional 170 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.2%

Shares of QQQM stock opened at $256.63 on Thursday. The firm has a market cap of $67.21 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a 50-day moving average price of $253.35 and a 200 day moving average price of $241.09.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be given a dividend of $0.323 per share. The ex-dividend date is Monday, December 22nd. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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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