O Brien Wealth Partners LLC Acquires New Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

O Brien Wealth Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,200 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors also recently bought and sold shares of the company. M&R Capital Management Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at about $28,000. Creekmur Asset Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $32,000. Larson Financial Group LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 120.5% in the fourth quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 106 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $34,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $40,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM traded up $1.19 on Monday, reaching $198.30. The company’s stock had a trading volume of 1,116,224 shares, compared to its average volume of 1,724,742. The stock has a market capitalization of $25.72 billion, a P/E ratio of 34.39 and a beta of 1.18. The stock’s 50 day simple moving average is $187.18 and its two-hundred day simple moving average is $179.75. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $200.47.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.3199 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Monday, June 24th.

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.