Kraft Davis & Associates LLC Purchases 99 Shares of Invesco NASDAQ 100 ETF $QQQM

Kraft Davis & Associates LLC grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,627 shares of the company’s stock after purchasing an additional 99 shares during the period. Kraft Davis & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of QQQM. National Mutual Insurance Federation of Agricultural Cooperatives lifted its stake in shares of Invesco NASDAQ 100 ETF by 5.9% in the 1st quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock valued at $630,210,000 after purchasing an additional 182,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after acquiring an additional 368,544 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after buying an additional 421,792 shares during the period. Meitav Investment House Ltd. raised its position in Invesco NASDAQ 100 ETF by 4.6% during the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock valued at $421,211,000 after purchasing an additional 81,933 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 4.5% during the first quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after buying an additional 68,935 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $247.00 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $252.42. The company has a market capitalization of $63.72 billion, a PE ratio of 31.95 and a beta of 1.18. The company has a fifty day moving average of $241.53 and a 200-day moving average of $222.05.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 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.