Invesco NASDAQ 100 ETF $QQQM Stock Position Raised by Orion Capital Management LLC

Orion Capital Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,923 shares of the company’s stock after purchasing an additional 316 shares during the period. Orion Capital Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cabot Wealth Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 1.6% in the 2nd quarter. Cabot Wealth Management Inc. now owns 15,815 shares of the company’s stock worth $3,592,000 after purchasing an additional 249 shares in the last quarter. Brighton Jones LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $208,000. Focus Partners Advisor Solutions LLC increased its position in shares of Invesco NASDAQ 100 ETF by 62.6% in the second quarter. Focus Partners Advisor Solutions LLC now owns 7,377 shares of the company’s stock worth $1,675,000 after acquiring an additional 2,840 shares in the last quarter. Sage Mountain Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 279.4% during the second quarter. Sage Mountain Advisors LLC now owns 43,716 shares of the company’s stock valued at $9,928,000 after acquiring an additional 32,193 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $4,518,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $254.02 on Friday. The firm has a 50 day simple moving average of $243.14 and a 200 day simple moving average of $225.25. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $254.58. The company has a market cap of $66.10 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

Invesco NASDAQ 100 ETF Company 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.