NewEdge Advisors LLC Purchases 69,883 Shares of Invesco NASDAQ 100 ETF $QQQM

NewEdge Advisors LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,688 shares of the company’s stock after purchasing an additional 69,883 shares during the period. NewEdge Advisors LLC owned about 0.08% of Invesco NASDAQ 100 ETF worth $55,767,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Maripau Wealth Management LLC increased its stake in Invesco NASDAQ 100 ETF by 6.4% in the 1st quarter. Maripau Wealth Management LLC now owns 11,969 shares of the company’s stock valued at $2,844,000 after buying an additional 715 shares during the last quarter. Glenmede Trust Co. NA purchased a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $337,000. WNY Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $229,000. Essential Partners LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 5,166.7% in the first quarter. Essential Partners LLC now owns 1,422 shares of the company’s stock valued at $338,000 after acquiring an additional 1,395 shares in the last quarter. Finally, JDM Financial Group LLC increased its position in shares of Invesco NASDAQ 100 ETF by 37.2% during the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock valued at $1,879,000 after acquiring an additional 2,143 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.4%

Shares of Invesco NASDAQ 100 ETF stock opened at $294.26 on Friday. The business’s fifty day simple moving average is $294.12 and its 200 day simple moving average is $272.01. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The firm has a market capitalization of $101.01 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

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