Clarus Wealth Advisors Acquires New Position in Invesco NASDAQ 100 ETF $QQQM

Clarus Wealth Advisors acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 38,204 shares of the company’s stock, valued at approximately $11,189,000. Invesco NASDAQ 100 ETF makes up about 4.3% of Clarus Wealth Advisors’ holdings, making the stock its 4th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SMI Advisory Services LLC grew its position in Invesco NASDAQ 100 ETF by 75.3% during the second quarter. SMI Advisory Services LLC now owns 7,608 shares of the company’s stock worth $2,264,000 after buying an additional 3,267 shares during the period. Fulton Bank N.A. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $2,436,000. Paladin Wealth LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 4.3% during the 2nd quarter. Paladin Wealth LLC now owns 10,670 shares of the company’s stock valued at $3,233,000 after acquiring an additional 438 shares during the period. World Equity Group Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $672,000. Finally, Focus Financial Network Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 8.7% during the 2nd quarter. Focus Financial Network Inc. now owns 64,987 shares of the company’s stock worth $19,689,000 after acquiring an additional 5,182 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $295.83 on Wednesday. The stock has a market cap of $101.55 billion, a P/E ratio of 31.95 and a beta of 1.23. The stock’s 50 day simple moving average is $293.62 and its 200 day simple moving average is $272.93. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced 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. This represents a $1.41 dividend on an annualized basis and a 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.