Petix & Botte Co Boosts Stake in Invesco NASDAQ 100 ETF $QQQM

Petix & Botte Co lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,880 shares of the company’s stock after buying an additional 8,723 shares during the period. Invesco NASDAQ 100 ETF makes up 1.6% of Petix & Botte Co’s holdings, making the stock its 23rd biggest position. Petix & Botte Co’s holdings in Invesco NASDAQ 100 ETF were worth $6,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQM. Union Bancaire Privee UBP SA purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $25,000. Westwind Capital purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth approximately $27,000. NorthRock Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth approximately $28,000. Crews Bank & Trust lifted its position in Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after buying an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth approximately $30,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $237.65 on Monday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $240.11. The company has a market cap of $56.98 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business’s 50 day moving average price is $228.11 and its 200 day moving average price is $211.64.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a dividend of $0.3161 per share. The ex-dividend date was Monday, June 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis 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.