Asset Allocation Strategies LLC Acquires 40,989 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Asset Allocation Strategies LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2,392.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 42,702 shares of the company’s stock after purchasing an additional 40,989 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 2.4% of Asset Allocation Strategies LLC’s holdings, making the stock its 12th biggest position. Asset Allocation Strategies LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JDM Financial Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 12.5% in the third quarter. JDM Financial Group LLC now owns 4,728 shares of the company’s stock valued at $950,000 after purchasing an additional 527 shares during the period. Goodman Advisory Group LLC lifted its position in Invesco NASDAQ 100 ETF by 25.3% during the third quarter. Goodman Advisory Group LLC now owns 6,772 shares of the company’s stock worth $1,360,000 after acquiring an additional 1,369 shares during the last quarter. Valued Retirements Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $302,000. Executive Wealth Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 3.2% during the third quarter. Executive Wealth Management LLC now owns 49,239 shares of the company’s stock worth $9,890,000 after acquiring an additional 1,540 shares during the period. Finally, Barclays PLC increased its stake in shares of Invesco NASDAQ 100 ETF by 4,489.8% during the third quarter. Barclays PLC now owns 21,113 shares of the company’s stock worth $4,241,000 after purchasing an additional 20,653 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.4 %

NASDAQ:QQQM opened at $214.28 on Wednesday. The stock has a 50 day simple moving average of $206.23 and a 200 day simple moving average of $198.64. Invesco NASDAQ 100 ETF has a 1-year low of $161.13 and a 1-year high of $216.80. The stock has a market cap of $36.52 billion, a P/E ratio of 34.39 and a beta of 1.18.

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 paid a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.56%.

Invesco NASDAQ 100 ETF 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.