Clare Market Investments LLC Invests $726,000 in Invesco NASDAQ 100 ETF $QQQM

Clare Market Investments LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,055 shares of the company’s stock, valued at approximately $726,000.

Other large investors have also recently made changes to their positions in the company. Clay Northam Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $203,000. Investment Advisory Services Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 10.1% during the first quarter. Investment Advisory Services Group LLC now owns 21,911 shares of the company’s stock valued at $5,207,000 after acquiring an additional 2,015 shares in the last quarter. Cabana LLC raised its position in Invesco NASDAQ 100 ETF by 3.6% during the 1st quarter. Cabana LLC now owns 8,322 shares of the company’s stock valued at $1,978,000 after purchasing an additional 291 shares in the last quarter. Canvas Wealth Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth about $488,000. Finally, Whittier Trust Co. raised its holdings in shares of Invesco NASDAQ 100 ETF by 13.5% in the 1st quarter. Whittier Trust Co. now owns 631 shares of the company’s stock valued at $153,000 after purchasing an additional 75 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $294.54 on Tuesday. Invesco NASDAQ 100 ETF has a 1-year low of $226.88 and a 1-year high of $308.21. The business has a fifty day moving average price of $293.90 and a 200 day moving average price of $266.49. The stock has a market capitalization of $98.41 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

Invesco NASDAQ 100 ETF 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.