Hill Island Financial LLC Buys New Shares in Invesco NASDAQ 100 ETF $QQQM

Hill Island Financial LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, Holdings Channel.com reports. The fund bought 98,438 shares of the company’s stock, valued at approximately $22,355,000. Invesco NASDAQ 100 ETF makes up 6.2% of Hill Island Financial LLC’s holdings, making the stock its 5th biggest position.

Other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 91.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after acquiring an additional 1,270 shares during the period. Mather Group LLC. grew its holdings in Invesco NASDAQ 100 ETF by 80.6% during the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $1,932,000. Savvy Advisors Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 18.0% during the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after buying an additional 398 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $203,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $248.32 on Friday. The firm has a market cap of $63.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The firm has a fifty day moving average price of $238.71 and a 200 day moving average price of $219.08. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $249.99.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

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.