World Equity Group Inc. Purchases Shares of 2,215 Invesco NASDAQ 100 ETF $QQQM

World Equity Group Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,215 shares of the company’s stock, valued at approximately $672,000.

A number of other hedge funds have also recently made changes to their positions in the business. Ridgeline Wealth Planning LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% during the 1st quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock valued at $211,000 after purchasing an additional 37 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco NASDAQ 100 ETF by 3.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,213 shares of the company’s stock worth $368,000 after purchasing an additional 42 shares during the last quarter. Archer Investment Corp boosted its position in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after buying an additional 44 shares during the period. Jacobi Capital Management LLC boosted its position in Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after buying an additional 44 shares during the period. Finally, Glen Eagle Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 28.8% during the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock valued at $48,000 after buying an additional 45 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.3%

Shares of NASDAQ:QQQM opened at $296.85 on Tuesday. The stock has a market capitalization of $101.90 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock’s 50-day moving average price is $293.82 and its 200-day moving average price is $272.64. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a 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.