Eagle Strategies LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Eagle Strategies LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,424 shares of the company’s stock after purchasing an additional 158 shares during the period. Eagle Strategies LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,692,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in QQQM. Mather Group LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth approximately $39,000. Quantbot Technologies LP purchased a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth approximately $265,000. Sequoia Financial Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at $204,000. Portside Wealth Group LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $351,000. Finally, GAMMA Investing LLC purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $36,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $205.81 on Wednesday. The firm’s fifty day moving average price is $198.04 and its 200 day moving average price is $192.54. Invesco NASDAQ 100 ETF has a 1-year low of $142.55 and a 1-year high of $207.24. The firm has a market cap of $35.26 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%.

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.