Advisors Preferred LLC Purchases 2,700 Shares of Invesco NASDAQ 100 ETF $QQQM

Advisors Preferred LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,540 shares of the company’s stock after purchasing an additional 2,700 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 3.8% of Advisors Preferred LLC’s investment portfolio, making the stock its 5th largest position. Advisors Preferred LLC’s holdings in Invesco NASDAQ 100 ETF were worth $22,858,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. McGinn Penninger Investment Management Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $86,000. Prosperity Consulting Group LLC grew its stake in Invesco NASDAQ 100 ETF by 6.4% during the 2nd quarter. Prosperity Consulting Group LLC now owns 109,908 shares of the company’s stock valued at $24,960,000 after acquiring an additional 6,635 shares in the last quarter. Next Capital Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 4.1% in the 2nd quarter. Next Capital Management LLC now owns 8,148 shares of the company’s stock worth $1,850,000 after purchasing an additional 321 shares in the last quarter. Obermeyer Wealth Partners acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $275,000. Finally, Bank of New York Mellon Corp grew its position in shares of Invesco NASDAQ 100 ETF by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 772,665 shares of the company’s stock valued at $175,472,000 after purchasing an additional 24,739 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $260.23 on Tuesday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The stock has a market cap of $68.12 billion, a PE ratio of 31.95 and a beta of 1.16. The stock has a 50 day moving average price of $246.15 and a 200 day moving average price of $228.86.

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 dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend 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.