Cornerstone Planning Group LLC Increases Stake in Invesco NASDAQ 100 ETF $QQQM

Cornerstone Planning Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 11.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,204 shares of the company’s stock after buying an additional 30,808 shares during the period. Invesco NASDAQ 100 ETF comprises 9.5% of Cornerstone Planning Group LLC’s investment portfolio, making the stock its 2nd largest position. Cornerstone Planning Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $68,958,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Ridgeline Wealth Planning LLC boosted its stake in Invesco NASDAQ 100 ETF by 4.4% in the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after buying an additional 37 shares in the last quarter. Avaii Wealth Management LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after acquiring an additional 40 shares in the last quarter. Archer Investment Corp lifted its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% in the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after acquiring an additional 44 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in shares of 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 worth $336,000 after acquiring an additional 44 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 7.3% in the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock valued at $162,000 after purchasing an additional 46 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $286.31 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $227.00 and a 52-week high of $308.21. The company has a fifty day moving average of $296.55 and a 200-day moving average of $268.89. The stock has a market capitalization of $96.50 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

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