Waterloo Capital L.P. Purchases 4,098 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Waterloo Capital L.P. lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,210 shares of the company’s stock after acquiring an additional 4,098 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 2.7% of Waterloo Capital L.P.’s holdings, making the stock its 6th biggest holding. Waterloo Capital L.P. owned 0.07% of Invesco NASDAQ 100 ETF worth $22,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. lifted its position 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 purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after acquiring an additional 3,978,954 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 6.0% in the first 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 last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after acquiring an additional 83,702 shares in the last quarter. Finally, Meitav Investment House Ltd. boosted its position in Invesco NASDAQ 100 ETF by 1.4% during the first quarter. Meitav Investment House Ltd. now owns 1,264,323 shares of the company’s stock valued at $231,041,000 after purchasing an additional 17,800 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $194.90 on Wednesday. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The business’s 50-day moving average price is $193.08 and its two-hundred day moving average price is $188.40. The company has a market capitalization of $30.31 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.3199 per share. This represents a $1.28 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend 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.