Madison Wealth Partners Inc Increases Holdings in Invesco NASDAQ 100 ETF $QQQM

Madison Wealth Partners Inc lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,598 shares of the company’s stock after purchasing an additional 3,739 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 0.8% of Madison Wealth Partners Inc’s holdings, making the stock its 22nd largest position. Madison Wealth Partners Inc’s holdings in Invesco NASDAQ 100 ETF were worth $3,542,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 91.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after purchasing an additional 1,270 shares in the last quarter. Mather Group LLC. increased its stake in shares of Invesco NASDAQ 100 ETF by 80.6% in the 1st quarter. Mather Group LLC. now owns 168 shares of the company’s stock worth $32,000 after purchasing an additional 75 shares in the last quarter. San Luis Wealth Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth $1,932,000. Savvy Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 18.0% in the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after purchasing an additional 398 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $203,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $248.61 on Monday. The firm has a market capitalization of $64.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $252.42. The business has a fifty day moving average price of $241.77 and a 200-day moving average price of $222.87.

Invesco NASDAQ 100 ETF Cuts Dividend

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