Invesco NASDAQ 100 ETF $QQQM is Future Financial Wealth Managment LLC’s Largest Position

Future Financial Wealth Managment LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.1% during the first quarter, Holdings Channel.com reports. The fund owned 64,600 shares of the company’s stock after purchasing an additional 3,740 shares during the quarter. Invesco NASDAQ 100 ETF makes up 11.1% of Future Financial Wealth Managment LLC’s investment portfolio, making the stock its biggest position. Future Financial Wealth Managment LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,956,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $393,000. Capstone Wealth Management Group LLC raised its position in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $534,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $304.52 on Friday. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The business’s fifty day simple moving average is $286.28 and its 200-day simple moving average is $263.28. The company has a market capitalization of $91.41 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a $0.3522 dividend. The ex-dividend date of this dividend is Monday, June 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.