GeoWealth Management LLC Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

GeoWealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 678.9% in the second quarter, Holdings Channel.com reports. The fund owned 36,326 shares of the company’s stock after buying an additional 31,662 shares during the quarter. GeoWealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pflug Koory LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $32,000. PrairieView Partners LLC raised its holdings in Invesco NASDAQ 100 ETF by 400.0% in the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after buying an additional 132 shares during the period. ROSS JOHNSON & Associates LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $42,000. Rosenberg Matthew Hamilton purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter worth approximately $43,000. Finally, AlphaCore Capital LLC grew its stake in Invesco NASDAQ 100 ETF by 850.0% during the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock worth $43,000 after buying an additional 170 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.1%

Shares of QQQM stock opened at $256.46 on Friday. The company’s fifty day simple moving average is $251.52 and its 200-day simple moving average is $236.97. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23. The company has a market cap of $67.17 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given 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%.

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.