Bright Financial Advisors Inc. Purchases 4,397 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Bright Financial Advisors Inc. raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 306.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,830 shares of the company’s stock after buying an additional 4,397 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 0.8% of Bright Financial Advisors Inc.’s holdings, making the stock its 23rd largest position. Bright Financial Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,149,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $27,000. M&R Capital Management Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth approximately $28,000. Triad Wealth Partners LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter worth $30,000. Creekmur Asset Management LLC bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at about $32,000. Finally, GAMMA Investing LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at approximately $36,000.

Invesco NASDAQ 100 ETF Trading Down 0.4 %

Shares of QQQM stock opened at $194.03 on Thursday. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The stock has a fifty day simple moving average of $192.82 and a two-hundred day simple moving average of $188.44. The stock has a market capitalization of $30.17 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 annualized dividend and a dividend yield of 0.66%.

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.