Concord Asset Management LLC VA Purchases New Position in Invesco NASDAQ 100 ETF $QQQM

Concord Asset Management LLC VA purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,796 shares of the company’s stock, valued at approximately $408,000.

Several other institutional investors and hedge funds also recently modified their holdings of QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $90,815,000. Raymond James Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 23.7% during the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after purchasing an additional 421,792 shares during the period. Jones Financial Companies Lllp raised its stake 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 valued at $243,791,000 after purchasing an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco NASDAQ 100 ETF by 14.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after purchasing an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its holdings in Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after purchasing an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 2.1%

QQQM opened at $247.83 on Tuesday. The company has a fifty day simple moving average of $240.68 and a 200 day simple moving average of $221.33. The firm has a market cap of $63.73 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

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