Retirement Planning Group LLC NY Has $2.65 Million Position in Invesco NASDAQ 100 ETF $QQQM

Retirement Planning Group LLC NY boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,662 shares of the company’s stock after acquiring an additional 3,312 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 2.3% of Retirement Planning Group LLC NY’s portfolio, making the stock its 16th largest position. Retirement Planning Group LLC NY’s holdings in Invesco NASDAQ 100 ETF were worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of QQQM. Union Bancaire Privee UBP SA acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth $25,000. Westwind Capital bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $27,000. NorthRock Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $28,000. Crews Bank & Trust boosted its holdings in Invesco NASDAQ 100 ETF by 328.6% in the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after acquiring an additional 115 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $30,000.

Invesco NASDAQ 100 ETF Stock Down 3.5%

Invesco NASDAQ 100 ETF stock 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 stock has a market cap of $62.39 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors 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 annualized dividend 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.