TruWealth Advisors LLC Acquires 1,460 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

TruWealth Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 175,528 shares of the company’s stock after purchasing an additional 1,460 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 2.2% of TruWealth Advisors LLC’s portfolio, making the stock its 12th largest holding. TruWealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $35,255,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter worth $27,000. Massmutual Trust Co. FSB ADV purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $29,000. Triad Wealth Partners LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $30,000. GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $36,000. Finally, Rothschild Investment LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $202.20 on Friday. The company has a market capitalization of $34.48 billion, a PE ratio of 34.39 and a beta of 1.18. The company has a 50 day moving average price of $196.24 and a 200-day moving average price of $191.15. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.