Retirement Planning Group LLC NY Buys 3,312 Shares of Invesco NASDAQ 100 ETF $QQQM

Retirement Planning Group LLC NY grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 39.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,662 shares of the company’s stock after buying an additional 3,312 shares during the period. Invesco NASDAQ 100 ETF makes up 2.3% of Retirement Planning Group LLC NY’s portfolio, making the stock its 16th biggest position. Retirement Planning Group LLC NY’s holdings in Invesco NASDAQ 100 ETF were worth $2,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. National Mutual Insurance Federation of Agricultural Cooperatives boosted its holdings in Invesco NASDAQ 100 ETF by 5.9% during the first quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock worth $630,210,000 after buying an additional 182,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock worth $566,139,000 after buying an additional 368,544 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 23.7% during the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after buying an additional 421,792 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in Invesco NASDAQ 100 ETF by 4.6% during the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after buying an additional 81,933 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 4.5% during the first quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after buying an additional 68,935 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 3.5%

Shares of QQQM opened at $242.67 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $252.42. The stock has a market cap of $62.39 billion, a P/E ratio of 31.95 and a beta of 1.18. The stock’s 50-day moving average price is $240.37 and its two-hundred day moving average price is $220.79.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.3025 per share. 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.