Miller Wealth Advisors LLC Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

Miller Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,999,900.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,000 shares of the company’s stock after purchasing an additional 19,999 shares during the quarter. Miller Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,059,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Florida Financial Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 71.0% during the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after buying an additional 7,252 shares during the period. Nicholas Wealth LLC. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $1,164,000. Bank of New York Mellon Corp boosted its holdings in shares of Invesco NASDAQ 100 ETF by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after purchasing an additional 62,705 shares during the period. JDM Financial Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 37.2% during the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,143 shares during the period. Finally, Woodard & Co. Asset Management Group Inc. ADV grew its stake in shares of Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 48,765 shares of the company’s stock worth $12,334,000 after purchasing an additional 1,971 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $301.41 on Friday. The stock’s 50-day moving average is $293.38 and its 200 day moving average is $273.55. The company has a market cap of $103.46 billion, a PE 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 Dividend Announcement

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 dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.