Western Wealth Management LLC Acquires 28,257 Shares of Invesco NASDAQ 100 ETF $QQQM

Western Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 312,615 shares of the company’s stock after purchasing an additional 28,257 shares during the period. Invesco NASDAQ 100 ETF comprises about 2.7% of Western Wealth Management LLC’s portfolio, making the stock its 3rd largest holding. Western Wealth Management LLC owned 0.10% of Invesco NASDAQ 100 ETF worth $74,284,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Florida Financial Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 71.0% in the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after buying an additional 7,252 shares during the period. Nicholas Wealth LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $1,164,000. Bank of New York Mellon Corp boosted its position in shares of Invesco NASDAQ 100 ETF by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after acquiring an additional 62,705 shares during the period. Galvin Gaustad & Stein LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1,046.7% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after acquiring an additional 46,409 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 34.7% in the fourth quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock worth $21,683,000 after acquiring an additional 22,077 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 3.2%

Shares of QQQM stock opened at $281.35 on Friday. The firm has a market capitalization of $96.25 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The firm’s fifty day simple moving average is $294.83 and its 200 day simple moving average is $270.77.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.