Modern Wealth Management LLC Has $15.83 Million Holdings in Invesco NASDAQ 100 ETF $QQQM

Modern Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 121.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,702 shares of the company’s stock after buying an additional 38,210 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,829,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in QQQM. Pflug Koory LLC acquired a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $32,000. PrairieView Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 400.0% in the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after buying an additional 132 shares during the period. ROSS JOHNSON & Associates LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the first quarter valued at $42,000. Rosenberg Matthew Hamilton acquired a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $43,000. Finally, AlphaCore Capital LLC lifted its stake in Invesco NASDAQ 100 ETF by 850.0% in the 2nd quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock worth $43,000 after acquiring an additional 170 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $252.57 on Friday. The stock has a market cap of $66.15 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The stock’s 50-day moving average is $252.63 and its two-hundred day moving average is $238.84.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were given a dividend of $0.3025 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a yield of 0.5%.

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.

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