Brandywine Oak Private Wealth LLC Acquires 111 Shares of Invesco NASDAQ 100 ETF $QQQM

Brandywine Oak Private Wealth LLC boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,472 shares of the company’s stock after acquiring an additional 111 shares during the quarter. Brandywine Oak Private Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,924,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 91.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after purchasing an additional 1,270 shares in the last quarter. Mather Group LLC. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 80.6% during 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 last quarter. San Luis Wealth Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $1,932,000. Savvy Advisors Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 18.0% during the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after purchasing an additional 398 shares during the last quarter. Finally, Brown Advisory Inc. bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $203,000.

Invesco NASDAQ 100 ETF Trading Down 0.1%

Shares of NASDAQ:QQQM opened at $251.41 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $251.84. The company has a 50-day moving average price of $240.07 and a 200 day moving average price of $220.37. The company has a market cap of $64.63 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend 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.