Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Modern Wealth Management LLC

Modern Wealth Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 110,105 shares of the company’s stock after purchasing an additional 14,880 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $26,488,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in QQQM. RMG Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $192,000. Cetera Investment Advisers lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 2,217,040 shares of the company’s stock worth $526,813,000 after acquiring an additional 120,112 shares during the period. Signature Equity Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 19,600.0% in the first quarter. Signature Equity Partners LLC now owns 197 shares of the company’s stock worth $47,000 after acquiring an additional 196 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth approximately $292,000. Finally, Summit Global Investments grew its holdings in Invesco NASDAQ 100 ETF by 7.8% in the first quarter. Summit Global Investments now owns 1,845 shares of the company’s stock valued at $438,000 after purchasing an additional 134 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $284.98 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The firm has a 50 day moving average price of $296.13 and a 200 day moving average price of $269.97. The company has a market cap of $97.09 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.3522 dividend. 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.