Oliver Lagore Vanvalin Investment Group Has $5.42 Million Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Oliver Lagore Vanvalin Investment Group grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 100.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,166 shares of the company’s stock after purchasing an additional 16,140 shares during the period. Invesco NASDAQ 100 ETF comprises about 2.0% of Oliver Lagore Vanvalin Investment Group’s investment portfolio, making the stock its 10th biggest holding. Oliver Lagore Vanvalin Investment Group’s holdings in Invesco NASDAQ 100 ETF were worth $5,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $30,000. Wells Fargo & Company MN grew its holdings in shares of Invesco NASDAQ 100 ETF by 578.0% in 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 in the fourth quarter worth $32,000. CVA Family Office LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $34,000. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $35,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM traded down $0.74 during trading hours on Thursday, hitting $174.49. The stock had a trading volume of 1,412,165 shares, compared to its average volume of 1,859,206. The firm has a market capitalization of $22.21 billion, a PE ratio of 35.17 and a beta of 1.28. The stock has a fifty day moving average price of $180.37 and a 200 day moving average price of $167.65. Invesco NASDAQ 100 ETF has a 12 month low of $127.47 and a 12 month high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 19th were given a dividend of $0.3454 per share. The ex-dividend date was Monday, March 18th. This represents a $1.38 annualized dividend and a yield of 0.79%.

About Invesco NASDAQ 100 ETF

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.