Sequoia Financial Advisors LLC Boosts Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Sequoia Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 49.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,796 shares of the company’s stock after purchasing an additional 1,914 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in QQQM. Avaii Wealth Management LLC grew its position in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after buying an additional 40 shares during the period. Archer Investment Corp increased its holdings in Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after buying an additional 44 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after acquiring an additional 44 shares during the period. Blue Trust Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after acquiring an additional 46 shares during the period. Finally, Foresight Capital Management Advisors Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 4.6% during the 4th quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after acquiring an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.7%

NASDAQ:QQQM opened at $290.68 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $227.00 and a 52 week high of $308.21. The stock has a market capitalization of $97.89 billion, a PE ratio of 31.95 and a beta of 1.22. The stock’s 50-day moving average price is $296.69 and its 200-day moving average price is $268.77.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.3522 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%.

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.