United Advisor Group LLC Boosts Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

United Advisor Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,292 shares of the company’s stock after acquiring an additional 1,903 shares during the period. United Advisor Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. grew its holdings in Invesco NASDAQ 100 ETF by 1,650.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC raised its position in Invesco NASDAQ 100 ETF by 10,544.5% during the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after purchasing an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in Invesco NASDAQ 100 ETF by 260.2% during the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after buying an additional 1,712,000 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after purchasing an additional 283,257 shares during the period. Finally, Meitav Investment House Ltd. grew its stake in shares of Invesco NASDAQ 100 ETF by 25.7% during the third quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock valued at $319,132,000 after buying an additional 324,887 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $200.02 on Tuesday. The firm’s 50-day moving average is $198.38 and its 200 day moving average is $193.24. The company has a market capitalization of $34.09 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $150.95 and a 12 month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid 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 0.60%.

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.