NWF Advisory Services Inc. Acquires 2,733 Shares of Invesco NASDAQ 100 ETF $QQQM

NWF Advisory Services Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.3% during the 1st quarter, HoldingsChannel reports. The fund owned 10,690 shares of the company’s stock after acquiring an additional 2,733 shares during the quarter. NWF Advisory Services Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth $25,000. Imprint Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at about $31,000. SJS Investment Consulting Inc. bought a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at about $40,000. Osbon Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth about $41,000. Finally, Bank & Trust Co purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth about $46,000.

Invesco NASDAQ 100 ETF Stock Down 1.9%

NASDAQ QQQM opened at $293.19 on Tuesday. Invesco NASDAQ 100 ETF has a 52 week low of $227.00 and a 52 week high of $308.21. The company has a market capitalization of $98.29 billion, a P/E ratio of 31.95 and a beta of 1.22. The stock’s 50-day moving average price is $296.10 and its 200-day moving average price is $267.98.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.