High Note Wealth LLC Buys Shares of 19,027 Invesco NASDAQ 100 ETF $QQQM

High Note Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, HoldingsChannel.com reports. The fund purchased 19,027 shares of the company’s stock, valued at approximately $4,321,000. Invesco NASDAQ 100 ETF comprises about 1.0% of High Note Wealth LLC’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Union Bancaire Privee UBP SA acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at $25,000. Westwind Capital purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $27,000. NorthRock Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $28,000. Crews Bank & Trust boosted its stake in shares of Invesco NASDAQ 100 ETF by 328.6% during the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $30,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $250.17 on Tuesday. The firm has a market cap of $64.19 billion, a PE ratio of 31.95 and a beta of 1.18. The firm has a 50 day simple moving average of $239.03 and a 200-day simple moving average of $219.60. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $250.85.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 annualized dividend and a 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.