LWM Advisory Services LLC Buys 14,640 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

LWM Advisory Services LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 381.9% during the 4th quarter, Holdings Channel reports. The firm owned 18,473 shares of the company’s stock after buying an additional 14,640 shares during the period. Invesco NASDAQ 100 ETF comprises about 2.7% of LWM Advisory Services LLC’s investment portfolio, making the stock its 8th biggest position. LWM Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,113,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 120.5% during the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 106 shares during the period. CVA Family Office LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $34,000. Clearstead Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $30,000. Addison Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $36,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $42,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM traded up $0.71 during trading on Monday, hitting $178.06. The stock had a trading volume of 1,590,525 shares, compared to its average volume of 1,849,497. The company has a 50 day moving average price of $179.80 and a 200-day moving average price of $169.01. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $129.60 and a one year high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $1.38 annualized dividend and a yield of 0.78%.

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.