Invesco NASDAQ 100 ETF $QQQM Stake Increased by Collaborative Wealth Managment Inc.

Collaborative Wealth Managment Inc. raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,877 shares of the company’s stock after buying an additional 1,281 shares during the quarter. Invesco NASDAQ 100 ETF comprises 3.4% of Collaborative Wealth Managment Inc.’s portfolio, making the stock its 5th largest holding. Collaborative Wealth Managment Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQM. NorthRock Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter valued at approximately $28,000. HHM Wealth Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 273.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares in the last quarter. Pflug Koory LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $32,000. PrairieView Partners LLC boosted its holdings in Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. Finally, ROSS JOHNSON & Associates LLC bought a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at $42,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $250.65 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock has a market cap of $65.65 billion, a P/E ratio of 31.95 and a beta of 1.16. The firm’s fifty day moving average price is $249.42 and its 200-day moving average price is $232.68.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date 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.