Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Purchased by RiverFront Investment Group LLC

RiverFront Investment Group LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,779 shares of the company’s stock after acquiring an additional 2,353 shares during the period. RiverFront Investment Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,293,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after acquiring an additional 3,978,954 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Invesco NASDAQ 100 ETF by 536.4% during the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after acquiring an additional 879,707 shares during the period. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth approximately $87,237,000. Finally, Cetera Advisor Networks LLC grew its holdings in Invesco NASDAQ 100 ETF by 136.7% in the fourth quarter. Cetera Advisor Networks LLC now owns 747,395 shares of the company’s stock valued at $125,966,000 after purchasing an additional 431,616 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.4 %

NASDAQ:QQQM opened at $198.06 on Wednesday. The company has a market cap of $30.80 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm’s 50 day moving average is $192.71 and its two-hundred day moving average is $189.67. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company 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.