Spectrum Wealth Advisory Group LLC Purchases Shares of 69,702 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Donald Scott on Nov 18th, 2024

Spectrum Wealth Advisory Group LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 69,702 shares of the company’s stock, valued at approximately $14,000,000. Invesco NASDAQ 100 ETF accounts for 7.9% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 4th largest holding.

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

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $205.11 on Monday. The stock has a market capitalization of $34.95 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business has a 50-day moving average of $201.39 and a 200-day moving average of $195.42. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued 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 was Monday, September 23rd.

About Invesco NASDAQ 100 ETF

(Free Report)

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.