Invesco NASDAQ 100 ETF $QQQM Stock Holdings Increased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,822 shares of the company’s stock after buying an additional 959 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,549,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Westwind Capital acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $27,000. NorthRock Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth $28,000. Crews Bank & Trust lifted its position in shares of 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 buying an additional 115 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $30,000. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 273.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after buying an additional 112 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.7%

QQQM opened at $248.61 on Friday. The company’s 50-day moving average price is $241.77 and its 200 day moving average price is $222.61. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $252.42. The firm has a market cap of $64.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared 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. This represents a $1.21 dividend on an annualized basis and a dividend 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.