WBI Investments LLC Invests $4.86 Million in Invesco NASDAQ 100 ETF $QQQM

WBI Investments LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 21,415 shares of the company’s stock, valued at approximately $4,863,000. Invesco NASDAQ 100 ETF accounts for about 1.3% of WBI Investments LLC’s investment portfolio, making the stock its 8th biggest holding.

Other hedge funds have also bought and sold shares of the company. Mark Sheptoff Financial Planning LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 30.7% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 217 shares of the company’s stock worth $49,000 after buying an additional 51 shares during the period. Uptick Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1.4% during the 2nd quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after acquiring an additional 52 shares during the period. Compass Advisory Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 1.3% in the 1st quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock worth $927,000 after acquiring an additional 60 shares in the last quarter. Purus Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF by 0.4% during the 1st quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock worth $2,629,000 after acquiring an additional 61 shares during the period. Finally, Pettyjohn Wood & White Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 3.3% during the first quarter. Pettyjohn Wood & White Inc. now owns 2,050 shares of the company’s stock valued at $396,000 after purchasing an additional 65 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $248.53 on Tuesday. The company has a market capitalization of $65.09 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The company’s fifty day moving average price is $249.62 and its 200-day moving average price is $233.29. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 22nd.

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.