F m Investments LLC Purchases Shares of 1,575 Invesco NASDAQ 100 ETF $QQQM

F m Investments LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,575 shares of the company’s stock, valued at approximately $358,000.

Several other hedge funds also recently modified their holdings of QQQM. NorthRock Partners LLC bought a new stake in Invesco NASDAQ 100 ETF during the first quarter worth about $28,000. Pflug Koory LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $32,000. PrairieView Partners LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares in the last quarter. ROSS JOHNSON & Associates LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $42,000. Finally, Rosenberg Matthew Hamilton bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $43,000.

Invesco NASDAQ 100 ETF Trading Up 0.8%

Shares of QQQM opened at $254.97 on Friday. The company’s fifty day simple moving average is $250.73 and its 200 day simple moving average is $235.96. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a market cap of $66.78 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid 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%.

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.