965 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Cedar Mountain Advisors LLC

Cedar Mountain Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, HoldingsChannel reports. The fund bought 965 shares of the company’s stock, valued at approximately $219,000.

Other large investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $25,000. Westwind Capital purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $27,000. NorthRock Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth about $28,000. Crews Bank & Trust raised its position in shares of Invesco NASDAQ 100 ETF by 328.6% during the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after acquiring an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $30,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $248.32 on Monday. The firm has a market cap of $63.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $249.99. The stock’s 50-day moving average is $238.71 and its two-hundred day moving average is $219.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 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.