Waddell & Associates LLC Raises Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Waddell & Associates LLC boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 184,942 shares of the company’s stock after acquiring an additional 696 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 4.8% of Waddell & Associates LLC’s holdings, making the stock its 9th biggest holding. Waddell & Associates LLC’s holdings in Invesco NASDAQ 100 ETF were worth $36,454,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Apexium Financial LP boosted its stake in shares of Invesco NASDAQ 100 ETF by 18.1% in the 4th quarter. Apexium Financial LP now owns 44,561 shares of the company’s stock valued at $7,510,000 after purchasing an additional 6,820 shares during the last quarter. US Bancorp DE boosted its stake in shares of Invesco NASDAQ 100 ETF by 16.8% in the 4th quarter. US Bancorp DE now owns 75,383 shares of the company’s stock valued at $12,705,000 after purchasing an additional 10,860 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $2,008,000. ICA Group Wealth Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 24.0% in the 4th quarter. ICA Group Wealth Management LLC now owns 23,424 shares of the company’s stock valued at $3,948,000 after purchasing an additional 4,530 shares during the last quarter. Finally, Mather Group LLC. bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $39,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM traded down $5.08 during mid-day trading on Friday, hitting $184.70. The company’s stock had a trading volume of 2,568,153 shares, compared to its average volume of 1,824,240. The stock has a market cap of $28.72 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The company’s fifty day simple moving average is $194.43 and its 200-day simple moving average is $187.71.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a $0.3199 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%.

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.