Mutual Advisors LLC Purchases 21,237 Shares of Invesco NASDAQ 100 ETF $QQQM

Mutual Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 319.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,880 shares of the company’s stock after purchasing an additional 21,237 shares during the period. Mutual Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Opulen Financial Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the 1st quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after purchasing an additional 59 shares during the last quarter. Compass Advisory Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the 1st quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock valued at $927,000 after purchasing an additional 60 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 3,168 shares of the company’s stock valued at $611,000 after acquiring an additional 61 shares in the last quarter. Purus Wealth Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 0.4% during the 1st quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after acquiring an additional 61 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 3.3% during the 1st quarter. Pettyjohn Wood & White Inc. now owns 2,050 shares of the company’s stock valued at $396,000 after acquiring an additional 65 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.7%

NASDAQ QQQM opened at $247.88 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $252.42. The company has a market cap of $63.95 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business’s fifty day moving average is $241.28 and its 200 day moving average is $221.68.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors 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 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.