Spartan Wealth Advisory Services LLC Invests $2.19 Million in Invesco NASDAQ 100 ETF $QQQM

Spartan Wealth Advisory Services LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,225 shares of the company’s stock, valued at approximately $2,192,000.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQM. Ridgeline Wealth Planning LLC lifted its stake in Invesco NASDAQ 100 ETF by 4.4% during the 1st quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after acquiring an additional 37 shares in the last quarter. Avaii Wealth Management LLC lifted its position in shares of 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 worth $370,000 after purchasing an additional 40 shares in the last quarter. Archer Investment Corp lifted its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares in the last quarter. Jacobi Capital Management LLC boosted its stake 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 valued at $336,000 after purchasing an additional 44 shares during the period. Finally, Blue Trust Inc. grew its holdings 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 valued at $162,000 after purchasing an additional 46 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $286.31 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21. The company has a 50 day moving average price of $296.55 and a 200 day moving average price of $268.89. The stock has a market capitalization of $96.50 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.