FOCUS Wealth Advisors LLC Buys New Stake in Invesco NASDAQ 100 ETF $QQQM

FOCUS Wealth Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,473 shares of the company’s stock, valued at approximately $6,506,000. Invesco NASDAQ 100 ETF accounts for 3.0% of FOCUS Wealth Advisors LLC’s holdings, making the stock its 10th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 4.2% in the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after purchasing an additional 468,626 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after buying an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after buying an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock worth $742,825,000 after buying an additional 313,262 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives raised its stake in shares of Invesco NASDAQ 100 ETF by 5.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock worth $666,191,000 after buying an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $295.35 on Thursday. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21. The firm has a market capitalization of $101.38 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The business’s 50 day moving average price is $294.29 and its 200-day moving average price is $271.74.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given 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.