Invesco NASDAQ 100 ETF $QQQM Holdings Increased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,616 shares of the company’s stock after acquiring an additional 2,742 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.1% of Axxcess Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Axxcess Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $33,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in QQQM. Nicholas Wealth LLC. acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth $1,164,000. Bank of New York Mellon Corp raised its position in shares of Invesco NASDAQ 100 ETF by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after buying an additional 62,705 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock valued at $21,683,000 after buying an additional 22,077 shares during the last quarter. EdgeRock Capital LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.5% in the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after buying an additional 3,809 shares during the period. Finally, Galvin Gaustad & Stein LLC grew its position in Invesco NASDAQ 100 ETF by 1,046.7% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after buying an additional 46,409 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.8%

Shares of QQQM opened at $292.14 on Wednesday. Invesco NASDAQ 100 ETF has a 12-month low of $226.88 and a 12-month high of $308.21. The firm has a market capitalization of $97.61 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The stock’s 50-day moving average price is $294.28 and its 200 day moving average price is $266.80.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 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.