Beam Wealth Advisors Inc. Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Beam Wealth Advisors Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,017 shares of the company’s stock, valued at approximately $2,618,000.

Other hedge funds also recently modified their holdings of the company. Weitzel Financial Services Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 8.0% during the 1st quarter. Weitzel Financial Services Inc. now owns 6,207 shares of the company’s stock valued at $1,486,000 after acquiring an additional 462 shares during the period. Frank Rimerman Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 1.8% during the first quarter. Frank Rimerman Advisors LLC now owns 141,851 shares of the company’s stock worth $33,707,000 after acquiring an additional 2,537 shares in the last quarter. Ascent Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $6,313,000. Warner Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 11.9% in the first quarter. Warner Group LLC now owns 20,529 shares of the company’s stock worth $4,878,000 after purchasing an additional 2,188 shares during the period. Finally, Axxcess Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 2.0% in the first quarter. Axxcess Wealth Management LLC now owns 141,616 shares of the company’s stock worth $33,651,000 after purchasing an additional 2,742 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.2%

QQQM opened at $292.87 on Thursday. The company has a fifty day moving average price of $294.66 and a two-hundred day moving average price of $267.10. Invesco NASDAQ 100 ETF has a 1-year low of $227.00 and a 1-year high of $308.21. The company has a market cap of $97.99 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.