Raub Brock Capital Management LP Has $7.25 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Raub Brock Capital Management LP raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 31,908 shares of the company’s stock after buying an additional 762 shares during the period. Invesco NASDAQ 100 ETF comprises 1.6% of Raub Brock Capital Management LP’s holdings, making the stock its 23rd biggest holding. Raub Brock Capital Management LP’s holdings in Invesco NASDAQ 100 ETF were worth $7,246,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $25,000. Westwind Capital acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $27,000. Pflug Koory LLC acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $32,000. NorthRock Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at approximately $28,000. Finally, Crews Bank & Trust boosted its holdings in Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after purchasing an additional 115 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.5%

NASDAQ QQQM opened at $248.85 on Wednesday. The stock’s 50 day moving average is $239.34 and its two-hundred day moving average is $219.80. The company has a market capitalization of $63.85 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $250.98.

Invesco NASDAQ 100 ETF Cuts Dividend

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