Nwam LLC Invests $2.66 Million in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Dante Gardener on Nov 23rd, 2024

Nwam LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) in the third quarter, Holdings Channel.com reports. The fund bought 13,263 shares of the company’s stock, valued at approximately $2,664,000.

Other hedge funds have also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $39,000. Portside Wealth Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $351,000. GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $36,000. Sequoia Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after buying an additional 74 shares during the last quarter. Finally, Creative Planning lifted its position in Invesco NASDAQ 100 ETF by 11.6% in the third quarter. Creative Planning now owns 20,672 shares of the company’s stock valued at $4,152,000 after buying an additional 2,149 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $208.18 on Friday. The firm’s 50-day moving average is $202.69 and its two-hundred day moving average is $195.99. Invesco NASDAQ 100 ETF has a 12 month low of $157.44 and a 12 month high of $212.19. The stock has a market capitalization of $35.48 billion, a P/E ratio of 34.39 and a beta of 1.18.

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 given a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%.

Invesco NASDAQ 100 ETF Company Profile

(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.