Invesco NASDAQ 100 ETF $QQQM Shares Bought by Purus Wealth Management LLC

Purus Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,950 shares of the company’s stock after purchasing an additional 332 shares during the quarter. Invesco NASDAQ 100 ETF makes up 1.1% of Purus Wealth Management LLC’s investment portfolio, making the stock its 21st biggest holding. Purus Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,168,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth $90,815,000. Raymond James Financial Inc. lifted its position in 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 acquiring an additional 421,792 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Invesco NASDAQ 100 ETF by 48.1% in the 1st 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 last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco NASDAQ 100 ETF by 14.4% in 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 during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Invesco NASDAQ 100 ETF by 88.5% in the first 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 during the period.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $248.53 on Tuesday. The business has a 50 day simple moving average of $249.62 and a 200-day simple moving average of $233.29. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a market capitalization of $65.09 billion, a PE ratio of 31.95 and a beta of 1.16.

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 given a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis 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.