Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,428,387 shares of the company’s stock after buying an additional 80,230 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 0.7% of Wealth Enhancement Advisory Services LLC’s investment portfolio, making the stock its 24th largest holding. Wealth Enhancement Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $260,952,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in QQQM. CFS Investment Advisory Services LLC boosted its position in Invesco NASDAQ 100 ETF by 0.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock worth $1,238,000 after acquiring an additional 57 shares during the last quarter. Next Capital Management LLC raised its position in Invesco NASDAQ 100 ETF by 3.6% in the 4th quarter. Next Capital Management LLC now owns 1,804 shares of the company’s stock valued at $304,000 after purchasing an additional 62 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,714 shares of the company’s stock valued at $794,000 after buying an additional 83 shares during the period. Salem Investment Counselors Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 11.9% during the first quarter. Salem Investment Counselors Inc. now owns 788 shares of the company’s stock worth $144,000 after buying an additional 84 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its holdings in Invesco NASDAQ 100 ETF by 25.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 432 shares of the company’s stock valued at $73,000 after acquiring an additional 89 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.2 %

NASDAQ QQQM traded up $0.49 on Thursday, hitting $198.19. 1,179,321 shares of the stock were exchanged, compared to its average volume of 1,726,612. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $200.32. The company has a 50-day moving average price of $186.17 and a 200-day moving average price of $179.18. The company has a market cap of $25.70 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 24th will be issued a $0.3199 dividend. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.65%.

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.