PFG Advisors Boosts Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

PFG Advisors increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,130 shares of the company’s stock after purchasing an additional 312 shares during the period. PFG Advisors’ holdings in Invesco NASDAQ 100 ETF were worth $2,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in QQQM. Prospect Financial Services LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $623,000. Hutchens & Kramer Investment Management Group LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $431,000. Keystone Wealth Services LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $533,000. Cabot Wealth Management Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 0.8% during the 3rd quarter. Cabot Wealth Management Inc. now owns 15,273 shares of the company’s stock worth $3,068,000 after buying an additional 123 shares in the last quarter. Finally, Zhang Financial LLC lifted its holdings in Invesco NASDAQ 100 ETF by 2.8% during the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after buying an additional 70 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $202.02 on Thursday. The firm has a market cap of $34.45 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24. The company’s 50 day moving average is $195.88 and its two-hundred day moving average is $191.07.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%.

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.