Copperwynd Financial LLC Invests $11.38 Million in Invesco NASDAQ 100 ETF $QQQM

Copperwynd Financial LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, Holdings Channel.com reports. The fund purchased 50,120 shares of the company’s stock, valued at approximately $11,382,000. Invesco NASDAQ 100 ETF accounts for 2.8% of Copperwynd Financial LLC’s holdings, making the stock its 8th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. National Mutual Insurance Federation of Agricultural Cooperatives raised 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 during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 worth $566,139,000 after purchasing an additional 368,544 shares during the period. Raymond James Financial Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 23.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after purchasing an additional 421,792 shares during the period. Meitav Investment House Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 4.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after purchasing an additional 81,933 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after purchasing an additional 68,935 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.1%

Shares of Invesco NASDAQ 100 ETF stock opened at $251.71 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $251.84. The stock has a market capitalization of $64.58 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business’s 50 day simple moving average is $239.70 and its 200-day simple moving average is $220.02.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a 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.