Beacon Wealthcare LLC Buys Shares of 1,301 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Beacon Wealthcare LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,301 shares of the company’s stock, valued at approximately $261,000. Invesco NASDAQ 100 ETF accounts for about 0.1% of Beacon Wealthcare LLC’s holdings, making the stock its 22nd largest holding.

Several other hedge funds have also made changes to their positions in the business. Cutter & CO Brokerage Inc. grew its position in 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 acquiring an additional 64 shares during the period. Marble Harbor Investment Counsel LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after buying an additional 66 shares during the last quarter. Madison Wealth Partners Inc grew its holdings in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after acquiring an additional 69 shares in the last quarter. Arkadios Wealth Advisors raised its stake in Invesco NASDAQ 100 ETF by 4.1% during the first quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock valued at $341,000 after buying an additional 74 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Invesco NASDAQ 100 ETF by 1.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 7,422 shares of the company’s stock worth $1,463,000 after purchasing an additional 76 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM traded up $1.17 during mid-day trading on Wednesday, hitting $202.55. The company had a trading volume of 455,987 shares, compared to its average volume of 1,844,342. The firm’s 50 day simple moving average is $193.67 and its two-hundred day simple moving average is $190.28. The stock has a market cap of $34.16 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.