Sax Wealth Advisors LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Sax Wealth Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 481,421 shares of the company’s stock after buying an additional 40,060 shares during the period. Invesco NASDAQ 100 ETF makes up 5.4% of Sax Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest position. Sax Wealth Advisors LLC owned about 0.14% of Invesco NASDAQ 100 ETF worth $145,856,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ridgeline Wealth Planning LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.4% during the 1st quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock valued at $211,000 after acquiring an additional 37 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 3.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,213 shares of the company’s stock valued at $368,000 after purchasing an additional 42 shares during the last quarter. Archer Investment Corp lifted its position in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after purchasing an additional 44 shares during the period. Jacobi Capital Management LLC boosted its holdings in 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 purchasing an additional 44 shares during the last quarter. Finally, Glen Eagle Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 28.8% in the first quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock worth $48,000 after purchasing an additional 45 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.2%

NASDAQ:QQQM opened at $297.70 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The company has a market cap of $102.19 billion, a PE ratio of 31.95 and a beta of 1.23. The company has a 50 day simple moving average of $294.00 and a two-hundred day simple moving average of $272.19.

Invesco NASDAQ 100 ETF Dividend Announcement

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