RiverFront Investment Group LLC Boosts Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

RiverFront Investment Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,779 shares of the company’s stock after buying an additional 2,353 shares during the period. RiverFront Investment Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,293,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CFS Investment Advisory Services LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 0.8% during the 4th quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock valued at $1,238,000 after acquiring an additional 57 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after purchasing an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 1.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after buying an additional 66 shares during the period. Madison Wealth Partners Inc grew its stake in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock valued at $824,000 after buying an additional 69 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Invesco NASDAQ 100 ETF by 4.1% during the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock valued at $341,000 after buying an additional 74 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.4 %

NASDAQ QQQM opened at $198.06 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $207.24. The business has a 50 day moving average price of $192.71 and a two-hundred day moving average price of $189.67. The stock has a market cap of $30.80 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.61%.

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.