Invesco NASDAQ 100 ETF $QQQM Stake Raised by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 123,304 shares of the company’s stock after buying an additional 4,574 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 6.2% of Whitaker Myers Wealth Managers LTD.’s investment portfolio, making the stock its 3rd largest position. Whitaker Myers Wealth Managers LTD.’s holdings in Invesco NASDAQ 100 ETF were worth $37,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Ridgeline Wealth Planning LLC increased its position in shares of Invesco NASDAQ 100 ETF by 4.4% during the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after acquiring an additional 37 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Invesco NASDAQ 100 ETF by 3.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,213 shares of the company’s stock worth $368,000 after purchasing an additional 42 shares during the period. Archer Investment Corp raised its position in Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after purchasing an additional 44 shares in the last quarter. Jacobi Capital Management LLC raised its position in Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after purchasing an additional 44 shares in the last quarter. Finally, Glen Eagle Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 28.8% during the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock worth $48,000 after buying an additional 45 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $297.70 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $308.21. The company’s 50 day moving average price is $294.00 and its 200 day moving average price is $272.19. The firm has a market capitalization of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed 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 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.