Pineridge Advisors LLC Acquires 229 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Pineridge Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 763.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 259 shares of the company’s stock after purchasing an additional 229 shares during the quarter. Pineridge Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $51,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $27,000. M&R Capital Management Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $28,000. Triad Wealth Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $30,000. Creekmur Asset Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Finally, Larson Financial Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 120.5% during the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 106 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.1 %

Shares of NASDAQ QQQM traded up $2.10 during trading hours on Friday, hitting $197.53. 1,714,573 shares of the stock were exchanged, compared to its average volume of 1,799,714. The company has a market cap of $30.72 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a fifty day moving average price of $195.52 and a 200-day moving average price of $186.75. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24.

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 dividend of $0.3199 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 annualized dividend and a dividend yield of 0.65%.

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.