New Perspectives Inc Acquires 1,314 Shares of Invesco NASDAQ 100 ETF $QQQM

New Perspectives Inc boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,885 shares of the company’s stock after buying an additional 1,314 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 2.2% of New Perspectives Inc’s portfolio, making the stock its 9th largest holding. New Perspectives Inc’s holdings in Invesco NASDAQ 100 ETF were worth $4,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 91.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after buying an additional 1,270 shares in the last quarter. Mather Group LLC. lifted its stake in Invesco NASDAQ 100 ETF by 80.6% in the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after buying an additional 75 shares in the last quarter. Savvy Advisors Inc. lifted its stake in Invesco NASDAQ 100 ETF by 18.0% in the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after buying an additional 398 shares in the last quarter. San Luis Wealth Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $1,932,000. Finally, Brown Advisory Inc. purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at about $203,000.

Invesco NASDAQ 100 ETF Trading Up 0.4%

Shares of Invesco NASDAQ 100 ETF stock opened at $245.37 on Monday. The firm has a market capitalization of $58.83 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $248.17. The firm’s 50-day moving average price is $237.14 and its 200 day moving average price is $217.47.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis 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.