Independent Financial Group LLC Takes $5.73 Million Position in Invesco NASDAQ 100 ETF $QQQM

Independent Financial Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,121 shares of the company’s stock, valued at approximately $5,731,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth $25,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth about $31,000. SJS Investment Consulting Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $40,000. Osbon Capital Management LLC acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $41,000. Finally, Bank & Trust Co acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $46,000.

Invesco NASDAQ 100 ETF Stock Down 1.7%

Shares of Invesco NASDAQ 100 ETF stock opened at $290.68 on Friday. The firm has a market cap of $97.89 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a fifty-two week low of $227.00 and a fifty-two week high of $308.21. The business has a 50-day moving average price of $296.69 and a 200 day moving average price of $268.77.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend 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.