Matrix Asset Advisors Inc. NY Invests $293,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Matrix Asset Advisors Inc. NY bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,520 shares of the company’s stock, valued at approximately $293,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Retirement Planning Group LLC NY boosted its holdings in shares of Invesco NASDAQ 100 ETF by 97.3% during the 1st quarter. Retirement Planning Group LLC NY now owns 8,350 shares of the company’s stock worth $1,612,000 after purchasing an additional 4,118 shares during the last quarter. Denver Wealth Management Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 3.9% during the 1st quarter. Denver Wealth Management Inc. now owns 160,441 shares of the company’s stock worth $30,968,000 after purchasing an additional 6,076 shares during the last quarter. Cabot Wealth Management Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% during the 1st quarter. Cabot Wealth Management Inc. now owns 15,566 shares of the company’s stock worth $3,005,000 after purchasing an additional 656 shares during the last quarter. PFG Investments LLC raised its position in shares of Invesco NASDAQ 100 ETF by 17.4% during the 1st quarter. PFG Investments LLC now owns 2,626 shares of the company’s stock valued at $507,000 after buying an additional 389 shares during the period. Finally, Evanson Asset Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 1.2% during the 1st quarter. Evanson Asset Management LLC now owns 6,730 shares of the company’s stock valued at $1,299,000 after buying an additional 81 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $216.84 on Friday. The firm has a market cap of $46.26 billion, a PE ratio of 32.67 and a beta of 1.18. The firm’s 50 day moving average price is $206.10 and its 200-day moving average price is $207.21. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.3176 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.