Invesco NASDAQ 100 ETF $QQQM Shares Bought by JDM Financial Group LLC

JDM Financial Group LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,909 shares of the company’s stock after purchasing an additional 2,143 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 0.4% of JDM Financial Group LLC’s holdings, making the stock its 23rd largest position. JDM Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. Hobbs Group Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 10.9% in the 1st quarter. Hobbs Group Advisors LLC now owns 3,440 shares of the company’s stock valued at $817,000 after purchasing an additional 337 shares during the last quarter. SHUTTLEWORTH & Co grew its stake in Invesco NASDAQ 100 ETF by 4.1% during the 1st quarter. SHUTTLEWORTH & Co now owns 14,718 shares of the company’s stock worth $3,497,000 after buying an additional 577 shares during the last quarter. Norris Financial Group LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth approximately $3,298,000. Western Wealth Management LLC increased its position in Invesco NASDAQ 100 ETF by 9.9% during the first quarter. Western Wealth Management LLC now owns 312,615 shares of the company’s stock worth $74,284,000 after buying an additional 28,257 shares during the period. Finally, Mascagni Wealth Management Inc. lifted its stake in Invesco NASDAQ 100 ETF by 10.7% in the first quarter. Mascagni Wealth Management Inc. now owns 6,028 shares of the company’s stock valued at $1,432,000 after buying an additional 581 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 3.2%

Shares of NASDAQ QQQM opened at $281.35 on Friday. The stock has a market cap of $96.25 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a twelve month low of $227.00 and a twelve month high of $308.21. The stock has a 50 day moving average of $294.83 and a two-hundred day moving average of $270.77.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.