Endowment Wealth Management Inc. Acquires 278 Shares of Invesco NASDAQ 100 ETF $QQQM

Endowment Wealth Management Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 22.4% in the 2nd quarter, Holdings Channel reports. The firm owned 1,518 shares of the company’s stock after purchasing an additional 278 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in QQQM. Concord Asset Management LLC VA bought a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $408,000. Total Clarity Wealth Management Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 35.8% in the second quarter. Total Clarity Wealth Management Inc. now owns 23,465 shares of the company’s stock valued at $5,329,000 after acquiring an additional 6,191 shares in the last quarter. MGO One Seven LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 14.8% in the second quarter. MGO One Seven LLC now owns 13,857 shares of the company’s stock valued at $3,147,000 after acquiring an additional 1,789 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 84.4% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 300,957 shares of the company’s stock valued at $68,347,000 after acquiring an additional 137,773 shares in the last quarter. Finally, Stephens Consulting LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 4.0% in the second quarter. Stephens Consulting LLC now owns 18,572 shares of the company’s stock valued at $4,218,000 after acquiring an additional 721 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $242.67 on Monday. The business has a 50-day moving average price of $240.37 and a 200 day moving average price of $220.94. The company has a market capitalization of $62.41 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.5%.

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.