Secure Asset Management LLC Grows Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Secure Asset Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,200 shares of the company’s stock after buying an additional 3,693 shares during the period. Invesco NASDAQ 100 ETF makes up 1.0% of Secure Asset Management LLC’s portfolio, making the stock its 15th biggest position. Secure Asset Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,865,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $27,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at $29,000. Triad Wealth Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $30,000. GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $36,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $36,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $202.20 on Friday. The stock has a market capitalization of $34.48 billion, a PE ratio of 34.39 and a beta of 1.18. The business’s fifty day moving average is $196.24 and its 200 day moving average is $191.15. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

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

About Invesco NASDAQ 100 ETF

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.