1,045 Shares in Invesco NASDAQ 100 ETF $QQQM Bought by Transcendent Capital Group LLC

Transcendent Capital Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,045 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lodestar Private Asset Management LLC grew its position in Invesco NASDAQ 100 ETF by 1.7% during the 2nd quarter. Lodestar Private Asset Management LLC now owns 139,874 shares of the company’s stock worth $31,765,000 after acquiring an additional 2,277 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth $702,000. Sather Financial Group Inc bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth $338,000. Concurrent Investment Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 89.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 42,251 shares of the company’s stock worth $9,595,000 after acquiring an additional 19,914 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its position in Invesco NASDAQ 100 ETF by 5.1% during the 2nd quarter. Apollon Wealth Management LLC now owns 11,387 shares of the company’s stock worth $2,586,000 after acquiring an additional 550 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 3.5%

NASDAQ QQQM opened at $242.67 on Friday. The business’s 50-day moving average price is $240.37 and its two-hundred day moving average price is $220.79. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $252.42. The firm has a market capitalization of $62.39 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, September 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.