Invesco NASDAQ 100 ETF $QQQM is Highland Financial Advisors LLC’s 2nd Largest Position

Highland Financial Advisors LLC trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 149,327 shares of the company’s stock after selling 8,536 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 10.0% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 2nd biggest position. Highland Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $45,242,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bison Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF in the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $534,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $296.85 on Tuesday. The business’s 50-day moving average is $293.82 and its two-hundred day moving average is $272.64. The firm has a market capitalization of $101.90 billion, a P/E 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 business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

Invesco NASDAQ 100 ETF Company 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.