Carnegie Investment Counsel Acquires 2,059 Shares of Invesco NASDAQ 100 ETF $QQQM

Carnegie Investment Counsel boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,708 shares of the company’s stock after acquiring an additional 2,059 shares during the period. Carnegie Investment Counsel’s holdings in Invesco NASDAQ 100 ETF were worth $6,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth about $393,000. Spire Wealth Management grew its holdings in Invesco NASDAQ 100 ETF by 73.8% during the 1st quarter. Spire Wealth Management now owns 4,452 shares of the company’s stock worth $859,000 after acquiring an additional 1,890 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF by 169.7% during the 1st quarter. Golden State Wealth Management LLC now owns 294 shares of the company’s stock worth $57,000 after acquiring an additional 185 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 91.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock worth $513,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Nadler Financial Group Inc. grew its holdings in Invesco NASDAQ 100 ETF by 15.0% during the 1st quarter. Nadler Financial Group Inc. now owns 1,443 shares of the company’s stock worth $279,000 after acquiring an additional 188 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

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 stock has a market capitalization of $66.10 billion, a P/E ratio of 31.95 and a beta of 1.18. The company’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. Stockholders of record on Monday, September 22nd were issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date 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.