Safeguard Financial LLC Makes New Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Safeguard Financial LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,170 shares of the company’s stock, valued at approximately $436,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth approximately $39,000. Quantbot Technologies LP purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth about $265,000. Sequoia Financial Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the first quarter valued at $204,000. Creekmur Asset Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $32,000. Finally, Portside Wealth Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $351,000.

Invesco NASDAQ 100 ETF Stock Up 0.1 %

Shares of Invesco NASDAQ 100 ETF stock opened at $202.18 on Wednesday. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The company has a 50 day moving average price of $195.42 and a 200 day moving average price of $191.00. The firm has a market capitalization of $34.48 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.59%.

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.