Austin Wealth Management LLC Buys 6,555 Shares of Invesco NASDAQ 100 ETF $QQQM

Austin Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 133.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,469 shares of the company’s stock after purchasing an additional 6,555 shares during the quarter. Austin Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,667,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. NorthRock Partners LLC bought a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at $28,000. HHM Wealth Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 273.2% in 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 last quarter. Pflug Koory LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $32,000. PrairieView Partners LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the last quarter. Finally, ROSS JOHNSON & Associates LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $42,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $255.89 on Wednesday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The stock has a market capitalization of $67.02 billion, a PE ratio of 31.95 and a beta of 1.16. The business’s 50-day moving average is $248.45 and its 200 day moving average is $231.73.

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 paid a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend and a dividend yield of 0.5%.

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.