Roundview Capital LLC Increases Position in Invesco NASDAQ 100 ETF $QQQM

Roundview Capital LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,003 shares of the company’s stock after buying an additional 2,098 shares during the period. Invesco NASDAQ 100 ETF comprises 0.7% of Roundview Capital LLC’s portfolio, making the stock its 28th largest holding. Roundview Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth approximately $90,815,000. Raymond James Financial Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after buying an additional 421,792 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Invesco NASDAQ 100 ETF by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock worth $243,791,000 after buying an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 14.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after buying an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Invesco NASDAQ 100 ETF by 88.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after buying an additional 271,551 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $250.17 on Tuesday. The firm’s 50 day moving average price is $239.03 and its 200-day moving average price is $219.60. The company has a market cap of $64.19 billion, a PE 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 $250.85.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis 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.