Cottage Street Advisors LLC Makes New $213,000 Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cottage Street Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,013 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. Pathstone Holdings LLC grew its position in Invesco NASDAQ 100 ETF by 16.0% in the third quarter. Pathstone Holdings LLC now owns 11,200 shares of the company’s stock worth $2,250,000 after acquiring an additional 1,545 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.3% during the 3rd quarter. Raymond James Trust N.A. now owns 2,744 shares of the company’s stock worth $551,000 after purchasing an additional 114 shares during the period. Great Valley Advisor Group Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $270,000. Larson Financial Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 15.6% in the 3rd quarter. Larson Financial Group LLC now owns 2,042 shares of the company’s stock valued at $410,000 after buying an additional 275 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $58,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $203.13 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $169.96 and a 1-year high of $222.64. The firm has a market cap of $40.34 billion, a PE ratio of 30.79 and a beta of 1.18. The company has a 50-day moving average of $210.30 and a two-hundred day moving average of $207.87.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a $0.3176 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date is Monday, March 24th.

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.