Arkansas Financial Group Inc. Grows Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arkansas Financial Group Inc. boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,199 shares of the company’s stock after buying an additional 1,244 shares during the quarter. Arkansas Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,446,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of 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 worth $1,529,744,000 after buying an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after purchasing an additional 3,978,954 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco NASDAQ 100 ETF by 19.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Invesco NASDAQ 100 ETF by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after buying an additional 80,230 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 6.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock valued at $279,551,000 after buying an additional 83,702 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.2 %

Shares of Invesco NASDAQ 100 ETF stock traded up $2.36 on Friday, hitting $200.56. 1,668,660 shares of the company traded hands, compared to its average volume of 1,855,991. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The company has a market cap of $33.79 billion, a PE ratio of 34.39 and a beta of 1.18. The stock’s 50 day moving average price is $193.26 and its 200-day moving average price is $189.93.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend 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.