Concurrent Investment Advisors LLC Has $1.65 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Concurrent Investment Advisors LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 23.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,214 shares of the company’s stock after acquiring an additional 1,549 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,650,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in QQQM. Envestnet Asset Management Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 1,650.6% in 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 lifted its holdings in Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after buying an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives boosted its position in Invesco NASDAQ 100 ETF by 260.2% during the third 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 acquiring an additional 1,712,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after acquiring an additional 283,257 shares during the period. Finally, Meitav Investment House Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 25.7% in the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock worth $319,132,000 after acquiring an additional 324,887 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $211.35 on Friday. The business’s 50-day moving average is $199.14 and its 200-day moving average is $193.69. Invesco NASDAQ 100 ETF has a 1 year low of $152.05 and a 1 year high of $211.68. The company has a market capitalization of $36.02 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders 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 0.57%. The ex-dividend date 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.