Altus Wealth Group LLC Buys 70 Shares of Invesco NASDAQ 100 ETF $QQQM

Altus Wealth Group LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,651 shares of the company’s stock after acquiring an additional 70 shares during the period. Invesco NASDAQ 100 ETF makes up about 0.9% of Altus Wealth Group LLC’s holdings, making the stock its 25th largest holding. Altus Wealth Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $393,000. PFG Investments LLC boosted its stake in Invesco NASDAQ 100 ETF by 17.4% during the first quarter. PFG Investments LLC now owns 2,626 shares of the company’s stock valued at $507,000 after buying an additional 389 shares during the period. Matrix Asset Advisors Inc. NY bought a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at $293,000. Masso Torrence Wealth Management Inc. boosted its stake in Invesco NASDAQ 100 ETF by 48.5% during the first quarter. Masso Torrence Wealth Management Inc. now owns 5,371 shares of the company’s stock valued at $1,037,000 after buying an additional 1,753 shares during the period. Finally, Crews Bank & Trust boosted its stake in Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after buying an additional 115 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $248.61 on Monday. The firm has a market capitalization of $64.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $252.42. The stock has a fifty day moving average of $241.77 and a 200 day moving average of $222.87.

Invesco NASDAQ 100 ETF Cuts Dividend

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

About Invesco NASDAQ 100 ETF

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.