26,845 Shares in Invesco NASDAQ 100 ETF $QQQM Purchased by Summit Financial Consulting LLC

Summit Financial Consulting LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 26,845 shares of the company’s stock, valued at approximately $6,634,000. Invesco NASDAQ 100 ETF comprises approximately 5.3% of Summit Financial Consulting LLC’s portfolio, making the stock its 8th largest position.

Several other hedge funds have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $393,000. Capstone Wealth Management Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Russell Investments Group Ltd. now owns 394 shares of the company’s stock worth $76,000 after purchasing an additional 185 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $224,000. Finally, SVB Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at $95,000.

Invesco NASDAQ 100 ETF Stock Up 0.5%

QQQM stock opened at $256.18 on Wednesday. The stock has a market capitalization of $67.10 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The stock’s fifty day simple moving average is $253.18 and its 200-day simple moving average is $240.98. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.323 per share. This represents a $1.29 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.