Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Bought by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 33.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,349 shares of the company’s stock after buying an additional 8,956 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 2.8% of Adamsbrown Wealth Consultants LLC’s investment portfolio, making the stock its 12th largest position. Adamsbrown Wealth Consultants LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,372,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in QQQM. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Invesco NASDAQ 100 ETF by 193.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 986,492 shares of the company’s stock valued at $146,958,000 after purchasing an additional 650,217 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $72,000. Cetera Investment Advisers grew its position in shares of Invesco NASDAQ 100 ETF by 52.6% in the 1st quarter. Cetera Investment Advisers now owns 3,826 shares of the company’s stock valued at $570,000 after buying an additional 1,319 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $778,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $1,527,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $151.90 on Tuesday. The firm’s fifty day moving average price is $153.57 and its 200 day moving average price is $142.42. The company has a market capitalization of $13.97 billion, a price-to-earnings ratio of 21.58 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $104.62 and a 12 month high of $159.57.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 19th will be given a dividend of $0.2448 per share. This represents a $0.98 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, September 18th.

Invesco NASDAQ 100 ETF 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.