Facet Wealth Inc. Takes $275,000 Position in Invesco NASDAQ 100 ETF $QQQM

Facet Wealth Inc. bought a new stake in 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. The firm bought 1,184 shares of the company’s stock, valued at approximately $275,000.

Several other hedge funds also recently added to or reduced their stakes in QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $90,815,000. Raymond James Financial Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 23.7% during the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after buying an additional 421,792 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Invesco NASDAQ 100 ETF by 48.1% during the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after purchasing an additional 410,340 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after purchasing an additional 368,544 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its stake in shares of Invesco NASDAQ 100 ETF by 88.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock valued at $111,632,000 after purchasing an additional 271,551 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $258.58 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $258.77. The company has a market capitalization of $67.42 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The firm’s fifty day moving average price is $243.56 and its 200 day moving average price is $225.96.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. 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.

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.