Precision Wealth Strategies LLC Increases Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Precision Wealth Strategies LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,911 shares of the company’s stock after purchasing an additional 347 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 0.6% of Precision Wealth Strategies LLC’s holdings, making the stock its 28th biggest position. Precision Wealth Strategies LLC’s holdings in Invesco NASDAQ 100 ETF were worth $755,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in QQQM. Union Bancaire Privee UBP SA purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $32,000. Tucker Asset Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 122.0% during the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock valued at $43,000 after acquiring an additional 111 shares during the period. ST Germain D J Co. Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $46,000. Finally, Blue Trust Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $49,000.

Invesco NASDAQ 100 ETF Trading Down 1.3%

QQQM stock opened at $216.94 on Monday. The firm has a 50 day moving average of $202.80 and a 200-day moving average of $206.98. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $222.64. The company has a market cap of $46.28 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.3176 per share. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

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.