Sax Wealth Advisors LLC Raises Stake in Invesco NASDAQ 100 ETF $QQQM

Sax Wealth Advisors LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,421 shares of the company’s stock after buying an additional 40,060 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 5.4% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 3rd largest position. Sax Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $145,856,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in QQQM. Florida Financial Advisors LLC grew its holdings in Invesco NASDAQ 100 ETF by 71.0% during the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after purchasing an additional 7,252 shares during the period. Nicholas Wealth LLC. bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $1,164,000. Bank of New York Mellon Corp raised its stake in shares of Invesco NASDAQ 100 ETF by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after buying an additional 62,705 shares during the period. JDM Financial Group LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 37.2% during the 1st quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock valued at $1,879,000 after buying an additional 2,143 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1,046.7% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock valued at $12,859,000 after acquiring an additional 46,409 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 1.2%

Invesco NASDAQ 100 ETF stock opened at $297.70 on Friday. The firm has a 50 day moving average of $294.00 and a 200 day moving average of $272.19. The firm has a market capitalization of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12-month low of $228.75 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.

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

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