Patten Group Inc. Makes New $205,000 Investment in Invesco NASDAQ 100 ETF $QQQM

Patten Group Inc. bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 901 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.5% during the second quarter. D.A. Davidson & CO. now owns 10,279 shares of the company’s stock valued at $2,334,000 after purchasing an additional 149 shares during the period. Cullen Frost Bankers Inc. lifted its stake in Invesco NASDAQ 100 ETF by 20.3% in the second quarter. Cullen Frost Bankers Inc. now owns 3,328 shares of the company’s stock worth $756,000 after acquiring an additional 562 shares during the period. Syntegra Private Wealth Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 0.5% in the second quarter. Syntegra Private Wealth Group LLC now owns 192,931 shares of the company’s stock worth $43,815,000 after purchasing an additional 958 shares in the last quarter. Triton Financial Group Inc bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth $1,608,000. Finally, VCI Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter worth $218,000.

Invesco NASDAQ 100 ETF Trading Down 1.0%

QQQM opened at $249.26 on Thursday. The stock has a fifty day simple moving average of $242.56 and a two-hundred day simple moving average of $223.78. The company has a market cap of $64.54 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.