Beacon Financial Advisory LLC Has $359,000 Position in Invesco NASDAQ 100 ETF $QQQM

Beacon Financial Advisory LLC boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,580 shares of the company’s stock after purchasing an additional 121 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Mutual Insurance Federation of Agricultural Cooperatives boosted its position in shares of Invesco NASDAQ 100 ETF by 5.9% during the 1st quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock worth $630,210,000 after purchasing an additional 182,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after acquiring an additional 368,544 shares in the last quarter. Raymond James Financial Inc. grew its stake in Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after acquiring an additional 421,792 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 4.5% during the first quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock valued at $308,288,000 after acquiring an additional 68,935 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Invesco NASDAQ 100 ETF by 48.1% during the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after purchasing an additional 410,340 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 0.4%

Shares of QQQM opened at $248.32 on Monday. The business’s fifty day moving average is $238.71 and its 200 day moving average is $219.24. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $249.99. The stock has a market cap of $63.69 billion, a P/E ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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