SMI Advisory Services LLC Buys 3,267 Shares of Invesco NASDAQ 100 ETF $QQQM

SMI Advisory Services LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 75.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,608 shares of the company’s stock after buying an additional 3,267 shares during the period. Invesco NASDAQ 100 ETF makes up about 0.4% of SMI Advisory Services LLC’s portfolio, making the stock its 21st largest position. SMI Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Bison Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $534,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $296.85 on Tuesday. The company’s 50-day moving average is $293.82 and its 200 day moving average is $272.64. Invesco NASDAQ 100 ETF has a fifty-two week low of $228.75 and a fifty-two week high of $308.21. The firm has a market capitalization of $101.90 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a yield of 0.5%.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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