Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Purchased by Vance Wealth Inc.

Vance Wealth Inc. boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,670 shares of the company’s stock after acquiring an additional 2,346 shares during the period. Invesco NASDAQ 100 ETF comprises 2.6% of Vance Wealth Inc.’s investment portfolio, making the stock its 8th biggest holding. Vance Wealth Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $6,242,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth $27,000. M&R Capital Management Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $28,000. Triad Wealth Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $30,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $32,000. Finally, GAMMA Investing LLC acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $36,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $189.55 on Thursday. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The firm has a market capitalization of $29.48 billion, a P/E ratio of 34.39 and a beta of 1.18. The company’s fifty day moving average price is $194.85 and its 200 day moving average price is $187.56.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.68%.

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.