Belpointe Asset Management LLC Has $4.88 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Belpointe Asset Management LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,506 shares of the company’s stock after acquiring an additional 2,000 shares during the period. Belpointe Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,884,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 91.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after buying an additional 1,270 shares in the last quarter. Mather Group LLC. lifted its stake in shares of Invesco NASDAQ 100 ETF by 80.6% in the 1st 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 last quarter. San Luis Wealth Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $1,932,000. Savvy Advisors Inc. grew its position in Invesco NASDAQ 100 ETF by 18.0% during the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after acquiring an additional 398 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth about $203,000.

Invesco NASDAQ 100 ETF Trading Down 0.4%

Shares of QQQM stock opened at $248.32 on Monday. The firm has a market capitalization of $63.69 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business’s 50-day moving average price is $238.71 and its 200-day moving average price is $219.24. 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid 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.