Eagle Strategies LLC Increases Holdings in Invesco NASDAQ 100 ETF $QQQM

Eagle Strategies LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 9,689 shares of the company’s stock after buying an additional 935 shares during the quarter. Eagle Strategies LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,200,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at $25,000. Westwind Capital purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $27,000. NorthRock Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $28,000. Crews Bank & Trust increased its stake in shares of Invesco NASDAQ 100 ETF by 328.6% in the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $30,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $251.71 on Thursday. The firm has a market capitalization of $64.58 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $251.84. The business has a fifty day moving average price of $239.70 and a 200-day moving average price of $220.02.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, September 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.