Invesco NASDAQ 100 ETF $QQQM Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 96.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,136 shares of the company’s stock after acquiring an additional 2,528 shares during the quarter. Savvy Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,166,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. NorthRock Partners LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth $28,000. Hughes Financial Services LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth $30,000. HHM Wealth Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 273.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock worth $30,000 after acquiring an additional 112 shares during the period. Mather Group LLC. boosted its position in Invesco NASDAQ 100 ETF by 80.6% during the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock worth $32,000 after acquiring an additional 75 shares during the period. Finally, Pflug Koory LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $32,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM opened at $257.72 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The stock’s fifty day moving average is $245.17 and its 200-day moving average is $227.23. The company has a market capitalization of $67.29 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The company 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 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 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.