TruWealth Advisors LLC Has $41.43 Million Position in Invesco NASDAQ 100 ETF $QQQM

by · The Cerbat Gem

TruWealth Advisors LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,637 shares of the company’s stock after selling 3,786 shares during the period. Invesco NASDAQ 100 ETF makes up about 2.1% of TruWealth Advisors LLC’s portfolio, making the stock its 13th biggest holding. TruWealth Advisors LLC owned approximately 0.07% of Invesco NASDAQ 100 ETF worth $41,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of QQQM. Pflug Koory LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the second quarter worth $32,000. PrairieView Partners LLC lifted its position in Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the period. Rosenberg Matthew Hamilton acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $43,000. AlphaCore Capital LLC grew its stake in Invesco NASDAQ 100 ETF by 850.0% during the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock worth $43,000 after buying an additional 170 shares in the last quarter. Finally, Beacon Capital Management Inc. bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $48,000.

Invesco NASDAQ 100 ETF Trading Down 0.5%

Shares of Invesco NASDAQ 100 ETF stock opened at $251.36 on Tuesday. The company has a market cap of $65.83 billion, a PE ratio of 31.95 and a beta of 1.16. The company has a 50 day moving average of $252.65 and a 200-day moving average of $239.45. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.3025 per share. The ex-dividend date was Monday, September 22nd. This represents a $1.21 annualized dividend 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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