Invesco NASDAQ 100 ETF $QQQM Shares Acquired by PFG Advisors

PFG Advisors boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,940 shares of the company’s stock after buying an additional 888 shares during the period. PFG Advisors’ holdings in Invesco NASDAQ 100 ETF were worth $2,939,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at $393,000. Capstone Wealth Management Group LLC grew its stake in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Brown Advisory Inc. purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $203,000. BankPlus Trust Department acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $33,000. Finally, Q3 Asset Management acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $2,395,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $251.06 on Monday. The company’s 50 day simple moving average is $247.56 and its 200-day simple moving average is $230.85. The firm has a market capitalization of $65.76 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, September 22nd.

About Invesco NASDAQ 100 ETF

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.