Triton Wealth Management PLLC Buys New Stake in Invesco NASDAQ 100 ETF $QQQM

Triton Wealth Management PLLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to its most recent filing with the SEC. The firm bought 4,776 shares of the company’s stock, valued at approximately $1,111,000. Invesco NASDAQ 100 ETF comprises 0.5% of Triton Wealth Management PLLC’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of QQQM. Westwind Capital acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth $27,000. Pflug Koory LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth $32,000. NorthRock Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth $28,000. Crews Bank & Trust grew its position in Invesco NASDAQ 100 ETF by 328.6% in 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, HHM Wealth Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 273.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $246.21 on Wednesday. The firm has a market capitalization of $63.32 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The company’s fifty day moving average is $240.99 and its two-hundred day moving average is $221.50. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.