Sather Financial Group Inc Acquires New Shares in Invesco NASDAQ 100 ETF $QQQM

Sather Financial Group Inc acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,489 shares of the company’s stock, valued at approximately $338,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Union Bancaire Privee UBP SA bought a new position in Invesco NASDAQ 100 ETF in the first quarter worth about $25,000. Westwind Capital bought a new position in Invesco NASDAQ 100 ETF in the first quarter worth about $27,000. NorthRock Partners LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter worth about $28,000. Crews Bank & Trust raised its holdings in Invesco NASDAQ 100 ETF by 328.6% in the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new position in Invesco NASDAQ 100 ETF in the first quarter worth about $30,000.

Invesco NASDAQ 100 ETF Stock Down 3.5%

QQQM opened at $242.67 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $252.42. The company has a market cap of $62.39 billion, a P/E ratio of 31.95 and a beta of 1.18. The firm’s 50-day moving average price is $240.37 and its 200-day moving average price is $220.79.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 annualized dividend and a dividend yield of 0.5%.

Invesco NASDAQ 100 ETF 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.