Cooper Financial Group Has $8.39 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Cooper Financial Group grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,417.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,695 shares of the company’s stock after purchasing an additional 25,870 shares during the period. Invesco NASDAQ 100 ETF comprises about 0.7% of Cooper Financial Group’s holdings, making the stock its 29th biggest holding. Cooper Financial Group’s holdings in Invesco NASDAQ 100 ETF were worth $8,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQM. Bison Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $294.26 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21. The stock has a market cap of $101.01 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The firm’s 50 day moving average price is $294.12 and its two-hundred day moving average price is $272.01.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.