Rainier Family Wealth Inc. Takes $2.57 Million Position in Invesco NASDAQ 100 ETF $QQQM

Rainier Family Wealth Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 1st quarter, HoldingsChannel.com reports. The fund bought 10,826 shares of the company’s stock, valued at approximately $2,572,000. Invesco NASDAQ 100 ETF accounts for about 1.7% of Rainier Family Wealth Inc.’s holdings, making the stock its 18th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Avaii Wealth Management LLC boosted its position in Invesco NASDAQ 100 ETF by 2.8% during the fourth quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after buying an additional 40 shares during the period. Archer Investment Corp grew its stake in shares of 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 buying an additional 44 shares during the last quarter. Jacobi Capital Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after buying an additional 44 shares during the last quarter. Foresight Capital Management Advisors Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock worth $270,000 after buying an additional 47 shares during the period. Finally, Motiv8 Investments LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 0.5% in the fourth quarter. Motiv8 Investments LLC now owns 9,410 shares of the company’s stock worth $2,380,000 after buying an additional 47 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.2%

NASDAQ QQQM opened at $303.90 on Tuesday. The firm has a market cap of $91.22 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $215.55 and a 1-year high of $308.21. The stock has a 50-day moving average of $287.33 and a 200-day moving average of $263.68.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, June 22nd.

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.