Worth Asset Management LLC Grows Stock Position in Invesco NASDAQ 100 ETF $QQQM

Worth Asset Management LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 482.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 54,410 shares of the company’s stock after purchasing an additional 45,067 shares during the quarter. Invesco NASDAQ 100 ETF comprises 5.3% of Worth Asset Management LLC’s holdings, making the stock its 3rd biggest position. Worth Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,485,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $25,000. Imprint Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Versant Capital Management Inc bought a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $41,000. Osbon Capital Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $41,000. Finally, SJS Investment Consulting Inc. acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth $40,000.

Invesco NASDAQ 100 ETF Trading Up 1.2%

Shares of NASDAQ QQQM opened at $297.70 on Friday. The company has a fifty day moving average price of $294.00 and a 200 day moving average price of $272.19. The firm has a market cap of $102.19 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, June 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.