Ocean Park Asset Management LLC Acquires New Shares in Invesco NASDAQ 100 ETF $QQQM

Ocean Park Asset Management LLC acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 75,725 shares of the company’s stock, valued at approximately $22,942,000. Invesco NASDAQ 100 ETF makes up approximately 1.1% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 18th largest holding.

Other hedge funds have also bought and sold shares of the company. Florida Financial Advisors LLC raised its holdings in shares of 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 last quarter. Nicholas Wealth LLC. bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $1,164,000. Bank of New York Mellon Corp boosted its holdings in 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 purchasing an additional 62,705 shares during the last quarter. JDM Financial Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 37.2% in the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock worth $1,879,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC grew its position in Invesco NASDAQ 100 ETF by 1,046.7% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after purchasing an additional 46,409 shares during the period.

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Invesco NASDAQ 100 ETF Trading Down 0.3%

Shares of QQQM opened at $295.83 on Wednesday. The firm has a market cap of $101.55 billion, a PE ratio of 31.95 and a beta of 1.23. The firm has a fifty day simple moving average of $293.62 and a two-hundred day simple moving average of $272.93. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

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

About Invesco NASDAQ 100 ETF

(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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