Wealthfront Advisers LLC Has $10.98 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Wealthfront Advisers LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 26.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,347 shares of the company’s stock after buying an additional 9,967 shares during the quarter. Wealthfront Advisers LLC’s holdings in Invesco NASDAQ 100 ETF were worth $10,980,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Bison Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $393,000. Golden State Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 169.7% in the first quarter. Golden State Wealth Management LLC now owns 294 shares of the company’s stock valued at $57,000 after purchasing an additional 185 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of 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 purchasing an additional 1,270 shares during the last quarter. Guardian Asset Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF by 6.9% in the first quarter. Guardian Asset Advisors LLC now owns 38,031 shares of the company’s stock valued at $7,341,000 after purchasing an additional 2,440 shares during the last quarter. Finally, Joel Isaacson & Co. LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $264,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $254.02 on Monday. The company has a market cap of $66.10 billion, a P/E ratio of 31.95 and a beta of 1.18. The stock’s 50-day moving average is $243.14 and its 200-day moving average is $225.49. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $254.58.

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 given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.