Hobbs Group Advisors LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Hobbs Group Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,092 shares of the company’s stock, valued at approximately $702,000.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 91.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after purchasing an additional 1,270 shares during the period. Mather Group LLC. raised its holdings 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 worth $32,000 after purchasing an additional 75 shares during the period. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $1,932,000. Savvy Advisors Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 18.0% in the 1st quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after purchasing an additional 398 shares during the period. Finally, Brown Advisory Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $203,000.

Invesco NASDAQ 100 ETF Trading Down 3.5%

NASDAQ:QQQM opened at $242.67 on Friday. The stock has a market capitalization of $62.39 billion, a PE ratio of 31.95 and a beta of 1.18. The firm’s 50 day moving average is $240.37 and its 200 day moving average is $220.79. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%.

About Invesco NASDAQ 100 ETF

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.