Walker Financial Services Inc. Purchases Shares of 32,301 Invesco NASDAQ 100 ETF $QQQM

Walker Financial Services Inc. acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, Holdings Channel reports. The institutional investor acquired 32,301 shares of the company’s stock, valued at approximately $7,982,000. Invesco NASDAQ 100 ETF accounts for 3.1% of Walker Financial Services Inc.’s portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of QQQM. Pflug Koory LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $32,000. PrairieView Partners LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter. Rosenberg Matthew Hamilton acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $43,000. AlphaCore Capital LLC raised its position in Invesco NASDAQ 100 ETF by 850.0% during the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock valued at $43,000 after acquiring an additional 170 shares in the last quarter. Finally, Beacon Capital Management Inc. acquired a new position in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $48,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $251.85 on Wednesday. The firm’s 50 day simple moving average is $252.71 and its 200-day simple moving average is $239.72. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23. The stock has a market capitalization of $65.96 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm 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. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date 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.