Cutter & CO Brokerage Inc. Grows Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cutter & CO Brokerage Inc. boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,758 shares of the company’s stock after purchasing an additional 594 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $755,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of QQQM. Envestnet Asset Management Inc. grew its position in Invesco NASDAQ 100 ETF by 1,650.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC grew its position in Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after purchasing an additional 3,978,954 shares during the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives grew its position in Invesco NASDAQ 100 ETF by 260.2% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after purchasing an additional 1,712,000 shares during the last quarter. Cetera Investment Advisers grew its position in Invesco NASDAQ 100 ETF by 536.4% during the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after purchasing an additional 879,707 shares during the last quarter. Finally, Yelin Lapidot Holdings Management Ltd. purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $87,237,000.

Invesco NASDAQ 100 ETF Stock Down 0.1 %

Shares of NASDAQ QQQM traded down $0.16 during trading on Tuesday, reaching $203.75. 132,782 shares of the company traded hands, compared to its average volume of 1,827,470. The firm has a 50 day simple moving average of $197.88 and a 200-day simple moving average of $192.36. The stock has a market capitalization of $34.91 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $142.55 and a 52-week 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ 100 ETF 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.