Worth Asset Management LLC Has $16.48 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Worth Asset Management LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 482.4% during the second quarter, Holdings Channel.com reports. The firm owned 54,410 shares of the company’s stock after acquiring an additional 45,067 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 5.3% of Worth Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Worth Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $16,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $393,000. Capstone Wealth Management Group LLC grew its position in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $534,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $297.70 on Friday. The company’s 50-day moving average price is $294.00 and its two-hundred day moving average price is $272.19. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $308.21. The stock has a market capitalization of $102.19 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

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