Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Purchased by Embree Financial Group

Embree Financial Group boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.4% during the first quarter, Holdings Channel.com reports. The fund owned 3,232 shares of the company’s stock after purchasing an additional 166 shares during the quarter. Embree Financial Group’s holdings in Invesco NASDAQ 100 ETF were worth $590,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after acquiring an additional 80,230 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Invesco NASDAQ 100 ETF by 5.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,334,544 shares of the company’s stock valued at $243,808,000 after buying an additional 73,946 shares during the period. Meitav Investment House Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 1.4% in the 1st quarter. Meitav Investment House Ltd. now owns 1,264,323 shares of the company’s stock valued at $231,041,000 after buying an additional 17,800 shares during the period. Mainstay Capital Management LLC ADV raised its holdings in Invesco NASDAQ 100 ETF by 53.0% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock valued at $176,150,000 after buying an additional 362,075 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Invesco NASDAQ 100 ETF by 11.7% in the 1st quarter. Bank of New York Mellon Corp now owns 929,408 shares of the company’s stock valued at $169,794,000 after buying an additional 97,618 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 1.0 %

NASDAQ QQQM traded up $2.15 during trading on Wednesday, hitting $207.00. The stock had a trading volume of 1,237,623 shares, compared to its average volume of 1,710,875. The company has a market capitalization of $30.52 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a 50 day moving average price of $190.96 and a 200 day moving average price of $181.49. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were given a dividend of $0.3199 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Monday, June 24th.

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.