Howard Financial Services LTD. Has $467,000 Position in Invesco NASDAQ 100 ETF $QQQM

Howard Financial Services LTD. cut its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 22.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,058 shares of the company’s stock after selling 609 shares during the quarter. Howard Financial Services LTD.’s holdings in Invesco NASDAQ 100 ETF were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Union Bancaire Privee UBP SA bought a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth about $25,000. Westwind Capital bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $27,000. NorthRock Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth approximately $28,000. Crews Bank & Trust lifted its position in shares of Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 273.2% during the first quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after purchasing an additional 112 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $241.50 on Friday. The firm has a 50 day simple moving average of $233.92 and a 200 day simple moving average of $214.29. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $242.01. The firm has a market cap of $57.90 billion, a P/E ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were paid a $0.3161 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.26 annualized dividend and a dividend yield of 0.5%.

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.