ORBA Wealth Advisors L.L.C. Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

ORBA Wealth Advisors L.L.C. acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, HoldingsChannel reports. The institutional investor acquired 3,310 shares of the company’s stock, valued at approximately $1,003,000. Invesco NASDAQ 100 ETF makes up about 0.9% of ORBA Wealth Advisors L.L.C.’s holdings, making the stock its 26th biggest position.

Several other hedge funds have also recently made changes to their positions in QQQM. Invesco Ltd. raised its holdings in shares of Invesco NASDAQ 100 ETF by 4.2% during the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after acquiring an additional 468,626 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco NASDAQ 100 ETF by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock valued at $926,749,000 after acquiring an additional 65,487 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 3,234.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock valued at $783,561,000 after acquiring an additional 3,005,140 shares in the last quarter. Raymond James Financial Inc. increased its position in Invesco NASDAQ 100 ETF by 11.9% during the 4th quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after purchasing an additional 313,262 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives increased its position in Invesco NASDAQ 100 ETF by 5.1% during the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after purchasing an additional 129,000 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.2%

Shares of NASDAQ QQQM opened at $301.41 on Friday. The firm has a fifty day simple moving average of $293.38 and a two-hundred day simple moving average of $273.55. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21. The firm has a market capitalization of $103.46 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.