Austin Wealth Management LLC Buys 6,555 Shares of Invesco NASDAQ 100 ETF $QQQM

Austin Wealth Management LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 133.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,469 shares of the company’s stock after buying an additional 6,555 shares during the period. Austin Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,667,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of QQQM. Bison Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $393,000. Capstone Wealth Management Group LLC grew its stake in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Brown Advisory Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $203,000. CWM LLC raised its holdings in Invesco NASDAQ 100 ETF by 580.8% in the first quarter. CWM LLC now owns 85,159 shares of the company’s stock worth $16,437,000 after purchasing an additional 72,650 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Invesco NASDAQ 100 ETF by 19.4% during the first quarter. Signaturefd LLC now owns 1,257 shares of the company’s stock valued at $243,000 after buying an additional 204 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.3%

Shares of QQQM stock opened at $255.89 on Wednesday. The company’s fifty day moving average price is $248.45 and its 200-day moving average price is $231.73. The stock has a market cap of $67.02 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a 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.