GK Wealth Management LLC Takes Position in Invesco NASDAQ 100 ETF $QQQM

GK Wealth Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 12,440 shares of the company’s stock, valued at approximately $3,769,000. Invesco NASDAQ 100 ETF makes up 2.0% of GK Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds have also bought and sold shares of QQQM. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $25,000. Imprint Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Versant Capital Management Inc bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $41,000. Osbon Capital Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth about $41,000. Finally, SJS Investment Consulting Inc. bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth about $40,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $298.03 on Wednesday. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21. The business’s 50-day moving average is $294.40 and its 200-day moving average is $271.46. The company has a market capitalization of $102.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

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