First Heartland Consultants Inc. Has $7.71 Million Position in Invesco NASDAQ 100 ETF $QQQM

First Heartland Consultants Inc. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 25,461 shares of the company’s stock after acquiring an additional 2,160 shares during the period. First Heartland Consultants Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,714,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Ridgeline Wealth Planning LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 4.4% in the 1st quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock valued at $211,000 after buying an additional 37 shares during the period. Archer Investment Corp lifted its stake in shares of 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 acquiring an additional 44 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of 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 acquiring an additional 44 shares during the period. Glen Eagle Advisors LLC lifted 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 acquiring an additional 45 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Blue Trust Inc. now owns 680 shares of the company’s stock valued at $162,000 after acquiring an additional 46 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.2%

Shares of QQQM stock opened at $297.70 on Friday. The stock has a 50-day moving average price of $294.00 and a 200 day moving average price of $272.19. The firm has a market cap of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

About Invesco NASDAQ 100 ETF

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.