Sfm LLC Buys 4,724 Shares of Invesco NASDAQ 100 ETF $QQQM

Sfm LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 84.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,299 shares of the company’s stock after buying an additional 4,724 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.6% of Sfm LLC’s holdings, making the stock its 13th largest position. Sfm LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Garner Asset Management Corp purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $25,000. Imprint Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at $31,000. SJS Investment Consulting Inc. purchased a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at $40,000. Osbon Capital Management LLC bought a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $41,000. Finally, Versant Capital Management Inc bought a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $41,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $295.35 on Thursday. The stock has a market capitalization of $101.38 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The stock’s 50-day simple moving average is $294.29 and its two-hundred day simple moving average is $271.74. Invesco NASDAQ 100 ETF has a 52-week low of $228.75 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 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.