Maia Wealth LLC Buys 4,613 Shares of Invesco NASDAQ 100 ETF $QQQM

Maia Wealth LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 104.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,020 shares of the company’s stock after acquiring an additional 4,613 shares during the quarter. Maia Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in Invesco NASDAQ 100 ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after buying an additional 152,512 shares during the period. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Invesco NASDAQ 100 ETF by 73.1% in the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 3,860,663 shares of the company’s stock worth $876,757,000 after acquiring an additional 1,630,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after acquiring an additional 368,544 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 23.7% during the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after purchasing an additional 421,792 shares during the period. Finally, Meitav Investment House Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock valued at $421,211,000 after purchasing an additional 81,933 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $250.67 on Wednesday. The stock has a market cap of $65.65 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50 day simple moving average of $250.21 and a 200 day simple moving average of $235.23. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.