Cidel Asset Management Inc. Has $575,000 Stake in Invesco NASDAQ 100 ETF $QQQM

Cidel Asset Management Inc. grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 37.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,534 shares of the company’s stock after purchasing an additional 694 shares during the period. Cidel Asset Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $575,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Westwind Capital acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $27,000. Pflug Koory LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $32,000. NorthRock Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $28,000. Crews Bank & Trust grew its stake in shares of Invesco NASDAQ 100 ETF by 328.6% in the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after buying an additional 115 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 273.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after buying an additional 112 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $248.61 on Monday. The stock has a market cap of $64.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business has a 50 day simple moving average of $241.77 and a 200 day simple moving average of $222.87. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend and a dividend 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.