Invesco NASDAQ 100 ETF $QQQM Shares Bought by Tandem Investment Partners LLC

Tandem Investment Partners LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,420 shares of the company’s stock after acquiring an additional 1,320 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.7% of Tandem Investment Partners LLC’s holdings, making the stock its 22nd biggest holding. Tandem Investment Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,912,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $25,000. Westwind Capital acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $27,000. NorthRock Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $28,000. Crews Bank & Trust boosted its stake in Invesco NASDAQ 100 ETF by 328.6% in the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $30,000.

Invesco NASDAQ 100 ETF Trading Down 0.4%

NASDAQ QQQM opened at $248.32 on Friday. The company has a fifty day simple moving average of $238.71 and a two-hundred day simple moving average of $219.08. The stock has a market cap of $63.69 billion, a P/E 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 $249.99.

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 issued a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

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.