Sage Mountain Advisors LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Sage Mountain Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 279.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,716 shares of the company’s stock after acquiring an additional 32,193 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 0.6% of Sage Mountain Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Sage Mountain Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,928,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. National Mutual Insurance Federation of Agricultural Cooperatives raised its position in Invesco NASDAQ 100 ETF by 5.9% in the 1st quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,265,000 shares of the company’s stock valued at $630,210,000 after purchasing an additional 182,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Invesco NASDAQ 100 ETF by 14.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after purchasing an additional 368,544 shares in the last quarter. Raymond James Financial Inc. raised its position in Invesco NASDAQ 100 ETF by 23.7% in the 1st quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after purchasing an additional 421,792 shares in the last quarter. Meitav Investment House Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 4.6% during the 2nd quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after acquiring an additional 81,933 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after acquiring an additional 68,935 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $254.02 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $254.58. The firm has a market capitalization of $66.10 billion, a PE ratio of 31.95 and a beta of 1.18. The stock’s 50-day simple moving average is $243.14 and its 200-day simple moving average is $224.88.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were given 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 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.