&Partners Increases Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

&Partners grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 191.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,648 shares of the company’s stock after purchasing an additional 13,567 shares during the period. &Partners’ holdings in Invesco NASDAQ 100 ETF were worth $4,070,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth approximately $27,000. M&R Capital Management Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $28,000. Triad Wealth Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $30,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $32,000. Finally, Larson Financial Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 120.5% in the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 106 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded up $1.39 during trading hours on Friday, hitting $196.82. 522,242 shares of the stock were exchanged, compared to its average volume of 1,792,402. The stock’s 50-day moving average price is $195.51 and its two-hundred day moving average price is $186.46. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The company has a market cap of $30.61 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%.

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.