Assetmark Inc. Has $151,000 Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Assetmark Inc. grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 60.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 751 shares of the company’s stock after purchasing an additional 284 shares during the period. Assetmark Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Cutter & CO Brokerage Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock valued at $624,000 after purchasing an additional 64 shares during the period. Marble Harbor Investment Counsel LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% during the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after purchasing an additional 66 shares during the period. Northstar Group Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.4% during the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the period. Zhang Financial LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.8% during the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after purchasing an additional 70 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after purchasing an additional 74 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $204.35 on Monday. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19. The firm has a market capitalization of $34.82 billion, a PE ratio of 34.39 and a beta of 1.18. The company’s 50-day moving average is $201.39 and its 200 day moving average is $195.27.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%.

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.