Tobias Financial Advisors Inc. Has $35.61 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Tobias Financial Advisors Inc. decreased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 156,811 shares of the company’s stock after selling 4,283 shares during the period. Invesco NASDAQ 100 ETF comprises 6.1% of Tobias Financial Advisors Inc.’s portfolio, making the stock its 4th biggest position. Tobias Financial Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $35,612,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth $28,000. Pflug Koory LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $32,000. PrairieView Partners LLC lifted its position in Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after buying an additional 132 shares in the last quarter. ROSS JOHNSON & Associates LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $42,000. Finally, Rosenberg Matthew Hamilton bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $43,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $254.97 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The company has a market cap of $66.78 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s 50-day simple moving average is $250.73 and its 200 day simple moving average is $235.96.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date of this dividend 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.