Integrated Capital Management LLC Purchases Shares of 869 Invesco NASDAQ 100 ETF $QQQM

Integrated Capital Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 869 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 91.6% during the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after acquiring an additional 1,270 shares during the period. Mather Group LLC. boosted its holdings in Invesco NASDAQ 100 ETF by 80.6% during the first quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after acquiring an additional 75 shares during the period. San Luis Wealth Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter valued at about $1,932,000. Savvy Advisors Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 18.0% during the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock valued at $503,000 after acquiring an additional 398 shares during the period. Finally, Brown Advisory Inc. bought a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at about $203,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $248.32 on Friday. The firm has a 50-day simple moving average of $238.71 and a 200 day simple moving average of $219.08. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $249.99. The stock has a market cap of $63.69 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.