JBR Co Financial Management Inc Grows Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

JBR Co Financial Management Inc lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 205.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,924 shares of the company’s stock after purchasing an additional 12,060 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 2.6% of JBR Co Financial Management Inc’s investment portfolio, making the stock its 8th biggest holding. JBR Co Financial Management Inc’s holdings in Invesco NASDAQ 100 ETF were worth $3,275,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. JDM Financial Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $710,000. TBH Global Asset Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at $1,052,000. D Orazio & Associates Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 10.4% during the 1st quarter. D Orazio & Associates Inc. now owns 112,016 shares of the company’s stock valued at $20,464,000 after acquiring an additional 10,534 shares during the period. Pettyjohn Wood & White Inc. bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $259,000. Finally, Bleakley Financial Group LLC acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $218,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM traded down $1.00 during mid-day trading on Thursday, reaching $197.30. The stock had a trading volume of 2,758,436 shares, compared to its average volume of 1,733,122. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The stock has a market capitalization of $29.68 billion, a PE ratio of 34.39 and a beta of 1.18. The stock has a 50-day simple moving average of $194.24 and a two-hundred day simple moving average of $182.95.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.3199 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.65%.

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.