Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Purchased by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 13,279 shares of the company’s stock after acquiring an additional 147 shares during the period. Commonwealth Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,630,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $29,000. Triad Wealth Partners LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth about $30,000. GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock traded up $1.03 on Thursday, hitting $202.05. The company’s stock had a trading volume of 274,906 shares, compared to its average volume of 1,830,084. The company has a market capitalization of $34.57 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The firm has a fifty day moving average price of $197.45 and a 200-day moving average price of $191.83.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.