D.A. Davidson & CO. Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

D.A. Davidson & CO. increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,279 shares of the company’s stock after purchasing an additional 149 shares during the quarter. D.A. Davidson & CO.’s holdings in Invesco NASDAQ 100 ETF were worth $2,334,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in QQQM. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $393,000. Spire Wealth Management increased its position in shares of Invesco NASDAQ 100 ETF by 73.8% during the first quarter. Spire Wealth Management now owns 4,452 shares of the company’s stock worth $859,000 after purchasing an additional 1,890 shares in the last quarter. Golden State Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 169.7% during the first quarter. Golden State Wealth Management LLC now owns 294 shares of the company’s stock worth $57,000 after purchasing an additional 185 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 91.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Beacon Financial Advisory LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth approximately $282,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $254.02 on Friday. The stock has a 50 day moving average price of $243.14 and a 200 day moving average price of $225.25. The stock has a market capitalization of $66.10 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $254.58.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.3025 per share. The ex-dividend date of this dividend 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.