Strong Tower Advisory Services Buys 2,238 Shares of Invesco NASDAQ 100 ETF $QQQM

Strong Tower Advisory Services lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 49.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,748 shares of the company’s stock after buying an additional 2,238 shares during the quarter. Strong Tower Advisory Services’ holdings in Invesco NASDAQ 100 ETF were worth $1,532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in shares of Invesco NASDAQ 100 ETF by 5.9% in the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock worth $630,210,000 after buying an additional 182,000 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after buying an additional 368,544 shares during the period. Raymond James Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after buying an additional 421,792 shares during the period. Meitav Investment House Ltd. raised its stake in shares of Invesco NASDAQ 100 ETF by 4.6% in the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after buying an additional 81,933 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after buying an additional 68,935 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 3.5%

NASDAQ:QQQM opened at $242.67 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $252.42. The stock has a 50-day moving average price of $240.37 and a 200 day moving average price of $220.64. The stock has a market capitalization of $62.39 billion, a P/E ratio of 31.95 and a beta of 1.18.

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