Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Bought by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 188.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 7,899 shares of the company’s stock after purchasing an additional 5,159 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.1% of AlphaCentric Advisors LLC’s portfolio, making the stock its 26th biggest holding. AlphaCentric Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,557,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of QQQM. CFS Investment Advisory Services LLC grew its holdings in Invesco NASDAQ 100 ETF by 0.8% in the 4th quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock valued at $1,238,000 after buying an additional 57 shares during the period. Madison Wealth Partners Inc lifted its position in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after acquiring an additional 69 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Invesco NASDAQ 100 ETF by 4.1% in the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock valued at $341,000 after purchasing an additional 74 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,714 shares of the company’s stock valued at $794,000 after purchasing an additional 83 shares in the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 11.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 788 shares of the company’s stock valued at $144,000 after purchasing an additional 84 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM traded down $1.90 during trading on Monday, reaching $195.63. The stock had a trading volume of 1,934,220 shares, compared to its average volume of 1,800,537. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The stock has a market cap of $30.42 billion, a PE ratio of 34.39 and a beta of 1.18. The firm’s 50 day moving average price is $195.52 and its two-hundred day moving average price is $186.75.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared 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%.

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.