Ocean Park Asset Management LLC Invests $22.94 Million in Invesco NASDAQ 100 ETF $QQQM

Ocean Park Asset Management LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 75,725 shares of the company’s stock, valued at approximately $22,942,000. Invesco NASDAQ 100 ETF comprises 1.1% of Ocean Park Asset Management LLC’s holdings, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Florida Financial Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 71.0% during the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after purchasing an additional 7,252 shares during the last quarter. Nicholas Wealth LLC. purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter worth about $1,164,000. Bank of New York Mellon Corp lifted its stake 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 worth $211,423,000 after buying an additional 62,705 shares in the last quarter. JDM Financial Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 37.2% in the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after buying an additional 2,143 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1,046.7% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock valued at $12,859,000 after buying an additional 46,409 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

Shares of QQQM opened at $295.83 on Wednesday. The company has a market capitalization of $101.55 billion, a P/E ratio of 31.95 and a beta of 1.23. The firm has a 50 day moving average of $293.62 and a 200 day moving average of $272.93. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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