Golden State Wealth Management LLC Purchases 617 Shares of Invesco NASDAQ 100 ETF $QQQM

Golden State Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 419.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 764 shares of the company’s stock after buying an additional 617 shares during the quarter. Golden State Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQM. Commonwealth Equity Services LLC boosted its position in Invesco NASDAQ 100 ETF by 20.9% during the second quarter. Commonwealth Equity Services LLC now owns 1,040,109 shares of the company’s stock valued at $236,209,000 after acquiring an additional 179,751 shares during the last quarter. Helios Capital Management PTE. Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $11,650,000. Atlantic Union Bankshares Corp acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $185,000. Entrewealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $347,000. Finally, First Horizon Advisors Inc. grew its stake in Invesco NASDAQ 100 ETF by 5,604.8% during the second quarter. First Horizon Advisors Inc. now owns 28,239 shares of the company’s stock worth $6,413,000 after purchasing an additional 27,744 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $251.06 on Friday. The company has a market cap of $65.76 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock has a 50 day simple moving average of $247.56 and a two-hundred day simple moving average of $230.22. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors 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.

Invesco NASDAQ 100 ETF Company 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.