Sax Wealth Advisors LLC Has $99.33 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Sax Wealth Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.7% during the third quarter, HoldingsChannel.com reports. The firm owned 401,956 shares of the company’s stock after purchasing an additional 32,129 shares during the period. Invesco NASDAQ 100 ETF accounts for 5.3% of Sax Wealth Advisors LLC’s portfolio, making the stock its 3rd biggest position. Sax Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $99,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. San Luis Wealth Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $1,932,000. Boyum Wealth Architects LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 12.4% in the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock valued at $5,638,000 after buying an additional 2,523 shares in the last quarter. Brookstone Capital Management increased its holdings in Invesco NASDAQ 100 ETF by 49.7% during the third quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after buying an additional 24,904 shares during the last quarter. Bank of Nova Scotia bought a new stake in Invesco NASDAQ 100 ETF during the second quarter worth $277,718,000. Finally, Adapt Wealth Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 1.4% in the second quarter. Adapt Wealth Advisors LLC now owns 91,240 shares of the company’s stock valued at $20,721,000 after acquiring an additional 1,303 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $255.04 on Wednesday. The firm has a 50-day moving average of $253.86 and a 200-day moving average of $242.30. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company has a market cap of $66.80 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a dividend of $0.323 per share. The ex-dividend date was Monday, December 22nd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a 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.