Summit Financial Consulting LLC Acquires New Stake in Invesco NASDAQ 100 ETF $QQQM

Summit Financial Consulting LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,845 shares of the company’s stock, valued at approximately $6,634,000. Invesco NASDAQ 100 ETF accounts for approximately 5.3% of Summit Financial Consulting LLC’s holdings, making the stock its 8th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Revisor Wealth Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $389,000. Highline Wealth Partners LLC increased its position in Invesco NASDAQ 100 ETF by 3.4% during the 3rd quarter. Highline Wealth Partners LLC now owns 41,094 shares of the company’s stock worth $10,155,000 after purchasing an additional 1,350 shares during the period. Weitzel Financial Services Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 82.2% in the 3rd quarter. Weitzel Financial Services Inc. now owns 4,217 shares of the company’s stock valued at $1,037,000 after buying an additional 1,902 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 128.6% in the third quarter. Farther Finance Advisors LLC now owns 63,654 shares of the company’s stock valued at $15,730,000 after buying an additional 35,810 shares in the last quarter. Finally, Paladin Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter worth $1,953,000.

Invesco NASDAQ 100 ETF Stock Up 0.5%

NASDAQ:QQQM opened at $256.18 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The firm’s fifty day simple moving average is $253.18 and its 200-day simple moving average is $240.98. The stock has a market cap of $67.10 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be issued a dividend of $0.323 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 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.