Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Vance Wealth LLC

Vance Wealth LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,242 shares of the company’s stock after acquiring an additional 2,838 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 2.5% of Vance Wealth LLC’s portfolio, making the stock its 8th largest position. Vance Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,549,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. Invesco Ltd. raised its position in Invesco NASDAQ 100 ETF by 18.8% in the 2nd quarter. Invesco Ltd. now owns 10,834,831 shares of the company’s stock valued at $2,460,590,000 after purchasing an additional 1,715,025 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Invesco NASDAQ 100 ETF by 73.1% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after buying an additional 1,630,000 shares during the period. Soundwatch Capital LLC acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $3,159,000. Mizuho Bank Ltd. purchased a new position in Invesco NASDAQ 100 ETF in the second quarter worth approximately $272,520,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $90,815,000.

Invesco NASDAQ 100 ETF Trading Up 0.4%

Shares of NASDAQ:QQQM opened at $257.53 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The company’s 50 day moving average is $251.76 and its two-hundred day moving average is $237.27. The company has a market cap of $67.45 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a 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.