Dogwood Wealth Management LLC Increases Position in Invesco NASDAQ 100 ETF $QQQM

Dogwood Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 13,069.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 40,167 shares of the company’s stock after buying an additional 39,862 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 4.5% of Dogwood Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Dogwood Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Seneca House Advisors grew its position in Invesco NASDAQ 100 ETF by 5.2% during the 1st quarter. Seneca House Advisors now owns 1,188 shares of the company’s stock worth $229,000 after purchasing an additional 59 shares in the last quarter. Opulen Financial Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.3% during the 1st quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after acquiring an additional 59 shares in the last quarter. Compass Advisory Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.3% during the 1st quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock valued at $927,000 after acquiring an additional 60 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 3,168 shares of the company’s stock valued at $611,000 after acquiring an additional 61 shares in the last quarter. Finally, Purus Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 0.4% during the 1st quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after acquiring an additional 61 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.3%

Invesco NASDAQ 100 ETF stock opened at $247.12 on Wednesday. The company’s fifty day simple moving average is $237.74 and its 200-day simple moving average is $218.02. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $248.17. The stock has a market cap of $59.25 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. Investors of record on Monday, September 22nd were paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.