Kingsview Wealth Management LLC Grows Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kingsview Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,993 shares of the company’s stock after buying an additional 4,089 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,225,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC grew its stake in Invesco NASDAQ 100 ETF by 5.1% during the third quarter. Cerity Partners LLC now owns 339,246 shares of the company’s stock worth $68,137,000 after buying an additional 16,486 shares during the period. Great Valley Advisor Group Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter worth approximately $270,000. Waddell & Associates LLC grew its stake in Invesco NASDAQ 100 ETF by 1.5% during the third quarter. Waddell & Associates LLC now owns 187,736 shares of the company’s stock worth $37,707,000 after buying an additional 2,794 shares during the period. Flagstar Advisors Inc. grew its stake in Invesco NASDAQ 100 ETF by 7.5% during the third quarter. Flagstar Advisors Inc. now owns 1,237 shares of the company’s stock worth $248,000 after buying an additional 86 shares during the period. Finally, GenTrust LLC grew its stake in Invesco NASDAQ 100 ETF by 138.3% during the third quarter. GenTrust LLC now owns 6,322 shares of the company’s stock worth $1,270,000 after buying an additional 3,669 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.1 %

QQQM opened at $208.18 on Friday. The company has a 50 day moving average of $202.94 and a two-hundred day moving average of $196.18. Invesco NASDAQ 100 ETF has a 52-week low of $157.44 and a 52-week high of $212.19. The company has a market cap of $35.48 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%.

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.