CFS Investment Advisory Services LLC Acquires 563 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

CFS Investment Advisory Services LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,252 shares of the company’s stock after purchasing an additional 563 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,059,000 as of its most recent filing with the Securities & Exchange Commission.

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

Invesco NASDAQ 100 ETF Trading Up 0.4 %

QQQM opened at $207.88 on Friday. The stock’s 50 day simple moving average is $202.69 and its 200-day simple moving average is $195.99. The stock has a market cap of $35.42 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $157.44 and a 1 year high of $212.19.

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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend 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.