2,188 Shares in Invesco NASDAQ 100 ETF $QQQM Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,188 shares of the company’s stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also modified their holdings of QQQM. Westwind Capital bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $27,000. NorthRock Partners LLC bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $28,000. Hughes Financial Services LLC bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $30,000. HHM Wealth Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 273.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after purchasing an additional 112 shares during the period. Finally, Mather Group LLC. boosted its holdings in Invesco NASDAQ 100 ETF by 80.6% in the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after purchasing an additional 75 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.0%

NASDAQ QQQM opened at $249.26 on Thursday. The company has a market capitalization of $64.54 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $252.42. The firm has a 50-day moving average price of $242.56 and a two-hundred day moving average price of $223.78.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. 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 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.