Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Purchased by Monumental Financial Group Inc.

Monumental Financial Group Inc. increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,323 shares of the company’s stock after buying an additional 984 shares during the quarter. Invesco NASDAQ 100 ETF comprises 4.8% of Monumental Financial Group Inc.’s holdings, making the stock its 9th largest position. Monumental Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $12,919,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $27,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at $29,000. Triad Wealth Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $30,000. GAMMA Investing LLC acquired a new position in Invesco NASDAQ 100 ETF during the second quarter worth approximately $36,000. Finally, Rothschild Investment LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $203.89 on Tuesday. The company has a 50-day simple moving average of $196.96 and a 200-day simple moving average of $191.60. The stock has a market capitalization of $34.77 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.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.