World Equity Group Inc. Purchases New Stake in Invesco NASDAQ 100 ETF $QQQM

World Equity Group Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 2,215 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors have also added to or reduced their stakes in QQQM. Florida Financial Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 71.0% in the 1st quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock worth $4,150,000 after buying an additional 7,252 shares during the last quarter. Nicholas Wealth LLC. bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $1,164,000. Bank of New York Mellon Corp lifted its stake in Invesco NASDAQ 100 ETF by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after acquiring an additional 62,705 shares during the period. JDM Financial Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 37.2% in the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after acquiring an additional 2,143 shares during the period. Finally, Galvin Gaustad & Stein LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1,046.7% in the fourth quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock valued at $12,859,000 after acquiring an additional 46,409 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.3%

NASDAQ:QQQM opened at $296.85 on Tuesday. The firm’s fifty day simple moving average is $293.82 and its 200 day simple moving average is $272.64. The stock has a market cap of $101.90 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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