Cornerstone Wealth Management LLC Has $4.95 Million Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cornerstone Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.6% during the first quarter, HoldingsChannel.com reports. The firm owned 27,072 shares of the company’s stock after acquiring an additional 3,452 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,946,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. M&R Capital Management Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $32,000. Larson Financial Group LLC raised its stake in Invesco NASDAQ 100 ETF by 120.5% in the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 106 shares in the last quarter. CVA Family Office LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth about $34,000. Finally, Richardson Financial Services Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth about $40,000.

Invesco NASDAQ 100 ETF Trading Up 0.8 %

QQQM stock traded up $1.66 during mid-day trading on Thursday, hitting $202.06. The stock had a trading volume of 1,015,283 shares, compared to its average volume of 1,717,449. The firm has a fifty day simple moving average of $188.74 and a 200 day simple moving average of $180.37. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $202.13. The firm has a market capitalization of $29.71 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.3199 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.63%.

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.