Investment Planning Advisors Inc. Buys 34,831 Shares of Invesco NASDAQ 100 ETF $QQQM

Investment Planning Advisors Inc. grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 54.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 98,485 shares of the company’s stock after buying an additional 34,831 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 6.4% of Investment Planning Advisors Inc.’s portfolio, making the stock its 7th biggest position. Investment Planning Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $23,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $25,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $31,000. Osbon Capital Management LLC acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $41,000. Bank & Trust Co purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $46,000. Finally, Monetary Solutions Ltd purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $50,000.

Invesco NASDAQ 100 ETF Trading Up 2.4%

Shares of QQQM opened at $298.05 on Tuesday. The firm has a market capitalization of $89.47 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The firm’s fifty day simple moving average is $290.91 and its 200-day simple moving average is $264.98. Invesco NASDAQ 100 ETF has a twelve month low of $224.19 and a twelve month high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

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