Integrated Wealth Concepts LLC Purchases 38,378 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Integrated Wealth Concepts LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 28.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,065 shares of the company’s stock after purchasing an additional 38,378 shares during the period. Integrated Wealth Concepts LLC owned 0.10% of Invesco NASDAQ 100 ETF worth $35,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Ridgecrest Wealth Partners LLC grew its position in shares of Invesco NASDAQ 100 ETF by 4.4% during the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after acquiring an additional 60 shares during the period. Cutter & CO Brokerage Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 2.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after buying an additional 64 shares during the period. Marble Harbor Investment Counsel LLC grew its position in shares of Invesco NASDAQ 100 ETF by 1.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after purchasing an additional 66 shares in the last quarter. Northstar Group Inc. grew its holdings in Invesco NASDAQ 100 ETF by 5.4% during the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after buying an additional 69 shares in the last quarter. Finally, Zhang Financial LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.8% during the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after buying an additional 70 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $212.10 on Tuesday. The firm has a market cap of $36.14 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock has a 50 day simple moving average of $204.46 and a two-hundred day simple moving average of $197.48. Invesco NASDAQ 100 ETF has a 1 year low of $157.44 and a 1 year high of $212.49.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, September 23rd.

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.