Stonehearth Capital Management LLC Buys New Shares in Invesco NASDAQ 100 ETF $QQQM

Stonehearth Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 24,543 shares of the company’s stock, valued at approximately $7,436,000. Invesco NASDAQ 100 ETF comprises 2.5% of Stonehearth Capital Management LLC’s holdings, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Evanson Financial LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $2,511,000. Fermata Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $447,000. SFM LLC grew its stake in Invesco NASDAQ 100 ETF by 84.7% in the second quarter. SFM LLC now owns 10,299 shares of the company’s stock valued at $3,120,000 after purchasing an additional 4,724 shares in the last quarter. JGP Wealth Management LLC grew its stake in Invesco NASDAQ 100 ETF by 13.1% in the second quarter. JGP Wealth Management LLC now owns 21,974 shares of the company’s stock valued at $6,658,000 after purchasing an additional 2,551 shares in the last quarter. Finally, Quad Cities Investment Group LLC grew its stake in Invesco NASDAQ 100 ETF by 26.5% in the second quarter. Quad Cities Investment Group LLC now owns 3,503 shares of the company’s stock valued at $1,061,000 after purchasing an additional 733 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.4%

NASDAQ:QQQM opened at $294.26 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21. The firm has a market capitalization of $101.01 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The stock’s 50 day moving average price is $294.12 and its two-hundred day moving average price is $272.01.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors 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 dividend yield of 0.5%.

Invesco NASDAQ 100 ETF Company 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.