Invesco NASDAQ 100 ETF $QQQM Stock Position Lifted by Western Wealth Management LLC

Western Wealth Management LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.3% in the second quarter, HoldingsChannel reports. The fund owned 208,704 shares of the company’s stock after purchasing an additional 6,611 shares during the quarter. Invesco NASDAQ 100 ETF makes up 2.8% of Western Wealth Management LLC’s portfolio, making the stock its 3rd largest position. Western Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $47,397,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. San Luis Wealth Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $1,932,000. Savvy Advisors Inc. grew its holdings in shares of Invesco NASDAQ 100 ETF by 18.0% during the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after purchasing an additional 398 shares during the period. Beaumont Financial Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $273,000. Atlas Legacy Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 0.4% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 81,745 shares of the company’s stock worth $18,564,000 after purchasing an additional 293 shares during the period. Finally, AE Wealth Management LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 47.7% during the second quarter. AE Wealth Management LLC now owns 11,786 shares of the company’s stock worth $2,677,000 after buying an additional 3,808 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $250.65 on Friday. The company has a market cap of $65.65 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock has a 50-day moving average of $249.42 and a two-hundred day moving average of $232.68. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 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.