3,092 Shares in Invesco NASDAQ 100 ETF $QQQM Acquired by Hobbs Group Advisors LLC

Hobbs Group Advisors LLC purchased 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 and Exchange Commission (SEC). The institutional investor purchased 3,092 shares of the company’s stock, valued at approximately $702,000.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 91.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after buying an additional 1,270 shares in the last quarter. Mather Group LLC. grew its position in Invesco NASDAQ 100 ETF by 80.6% during the first quarter. Mather Group LLC. now owns 168 shares of the company’s stock worth $32,000 after buying an additional 75 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth approximately $1,932,000. Savvy Advisors Inc. grew its position in Invesco NASDAQ 100 ETF by 18.0% during the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after buying an additional 398 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter worth approximately $203,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $242.67 on Friday. The business’s 50 day simple moving average is $240.37 and its 200 day simple moving average is $220.79. The company has a market capitalization of $62.39 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend 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.