Invesco NASDAQ 100 ETF $QQQM is Bauman Advisory Group LLC’s 2nd Largest Position

Bauman Advisory Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.7% in the 1st quarter, Holdings Channel reports. The firm owned 55,663 shares of the company’s stock after purchasing an additional 7,569 shares during the period. Invesco NASDAQ 100 ETF accounts for 9.3% of Bauman Advisory Group LLC’s investment portfolio, making the stock its 2nd largest holding. Bauman Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $13,227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. Ridgeline Wealth Planning LLC increased its stake in Invesco NASDAQ 100 ETF by 4.4% during the 1st quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after buying an additional 37 shares in the last quarter. Avaii Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 2.8% in the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares in the last quarter. Archer Investment Corp lifted its position in shares of Invesco NASDAQ 100 ETF by 2.0% in the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after acquiring an additional 44 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 3.4% in the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after acquiring an additional 44 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after acquiring an additional 46 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $290.68 on Friday. The stock has a 50 day moving average price of $296.69 and a 200 day moving average price of $268.77. Invesco NASDAQ 100 ETF has a one year low of $227.00 and a one year high of $308.21. The stock has a market capitalization of $97.89 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a 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.