Investment Planning Advisors Inc. Acquires 34,831 Shares of Invesco NASDAQ 100 ETF $QQQM

Investment Planning Advisors Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 54.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,485 shares of the company’s stock after purchasing an additional 34,831 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 6.4% of Investment Planning Advisors Inc.’s portfolio, making the stock its 7th biggest position. Investment Planning Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $23,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC grew its position in shares of 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 buying an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $534,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $298.05 on Tuesday. The company has a fifty day moving average of $290.91 and a two-hundred day moving average of $264.98. The company has a market capitalization of $89.47 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1 year low of $224.19 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were issued a $0.3522 dividend. 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 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.