Focus Financial Network Inc. Acquires 2,037 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Focus Financial Network Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,574 shares of the company’s stock after purchasing an additional 2,037 shares during the period. Focus Financial Network Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $13,400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in shares of Invesco NASDAQ 100 ETF by 536.4% during the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after buying an additional 879,707 shares in the last quarter. Cetera Advisor Networks LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 136.7% during the fourth quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock worth $125,966,000 after buying an additional 431,616 shares in the last quarter. Hollencrest Capital Management increased its holdings in shares of Invesco NASDAQ 100 ETF by 1,241.6% during the first quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock worth $75,696,000 after buying an additional 383,458 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth $61,496,000. Finally, IMC Chicago LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 108.4% during the first quarter. IMC Chicago LLC now owns 14,245 shares of the company’s stock worth $2,602,000 after buying an additional 183,508 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM traded down $0.43 on Tuesday, reaching $197.64. The company had a trading volume of 1,510,260 shares, compared to its average volume of 1,808,134. The firm has a market cap of $30.73 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $207.24. The business has a 50 day moving average of $195.35 and a two-hundred day moving average of $186.17.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.3199 per share. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%.

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.