Analyst IMS Investment Management Services Ltd. Buys 3,805 Shares of Invesco NASDAQ 100 ETF $QQQM

Analyst IMS Investment Management Services Ltd. boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,263 shares of the company’s stock after acquiring an additional 3,805 shares during the period. Analyst IMS Investment Management Services Ltd.’s holdings in Invesco NASDAQ 100 ETF were worth $9,144,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $393,000. Golden State Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 169.7% in the first quarter. Golden State Wealth Management LLC now owns 294 shares of the company’s stock valued at $57,000 after purchasing an additional 185 shares during the period. Sequoia Financial Advisors LLC raised its position 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 valued at $513,000 after purchasing an additional 1,270 shares during the period. Koshinski Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 3.2% in the first quarter. Koshinski Asset Management Inc. now owns 5,863 shares of the company’s stock valued at $1,132,000 after purchasing an additional 181 shares during the period. Finally, Lodestar Private Asset Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the first quarter. Lodestar Private Asset Management LLC now owns 137,597 shares of the company’s stock valued at $26,559,000 after purchasing an additional 4,506 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.8%

NASDAQ QQQM opened at $260.57 on Wednesday. The company’s 50 day moving average is $244.08 and its 200-day moving average is $226.50. The firm has a market cap of $67.94 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $261.28.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date of this dividend 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.