Invesco NASDAQ 100 ETF $QQQM Stock Position Lifted by Root Financial Partners LLC

Root Financial Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 100.0% in the first quarter, Holdings Channel.com reports. The firm owned 10,616 shares of the company’s stock after purchasing an additional 5,308 shares during the period. Root Financial Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Horizon Wealth Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 4.6% in the first quarter. Horizon Wealth Management LLC now owns 117,571 shares of the company’s stock valued at $27,937,000 after acquiring an additional 5,132 shares during the last quarter. Essex Financial Services Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 1.0% during the 1st quarter. Essex Financial Services Inc. now owns 12,277 shares of the company’s stock worth $2,917,000 after purchasing an additional 123 shares during the last quarter. Whelan Financial raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.1% during the 1st quarter. Whelan Financial now owns 213,128 shares of the company’s stock valued at $50,644,000 after purchasing an additional 2,327 shares in the last quarter. Bestgate Wealth Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 9.3% during the 1st quarter. Bestgate Wealth Advisors LLC now owns 13,751 shares of the company’s stock valued at $3,268,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Wealth Care LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $284,000.

Invesco NASDAQ 100 ETF Trading Down 1.4%

Shares of NASDAQ:QQQM opened at $298.61 on Thursday. The stock has a market capitalization of $99.90 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $224.80 and a 1 year high of $308.21. The firm has a fifty day moving average price of $292.28 and a 200 day moving average price of $265.58.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a $0.3522 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis 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.