Raub Brock Capital Management LP Acquires 762 Shares of Invesco NASDAQ 100 ETF $QQQM

Raub Brock Capital Management LP lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,908 shares of the company’s stock after purchasing an additional 762 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.6% of Raub Brock Capital Management LP’s portfolio, making the stock its 23rd biggest holding. Raub Brock Capital Management LP’s holdings in Invesco NASDAQ 100 ETF were worth $7,246,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $90,815,000. Raymond James Financial Inc. increased its stake in Invesco NASDAQ 100 ETF by 23.7% during the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after acquiring an additional 421,792 shares during the period. Jones Financial Companies Lllp increased its stake in Invesco NASDAQ 100 ETF by 48.1% during the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after acquiring an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after acquiring an additional 368,544 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in Invesco NASDAQ 100 ETF by 88.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after acquiring an additional 271,551 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.5%

Shares of QQQM opened at $248.85 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $250.98. The firm has a market capitalization of $63.85 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The stock’s 50-day moving average price is $239.34 and its 200 day moving average price is $219.80.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 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.