SeaCrest Wealth Management LLC Acquires New Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SeaCrest Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, HoldingsChannel reports. The firm bought 1,058 shares of the company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. &PARTNERS acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth $1,294,000. City State Bank lifted its holdings in shares of Invesco NASDAQ 100 ETF by 3.7% during the 1st quarter. City State Bank now owns 3,660 shares of the company’s stock valued at $669,000 after purchasing an additional 130 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 70.5% in the 1st quarter. International Assets Investment Management LLC now owns 3,930 shares of the company’s stock valued at $720,000 after purchasing an additional 1,625 shares during the period. Salem Investment Counselors Inc. increased its stake in Invesco NASDAQ 100 ETF by 11.9% during the 1st quarter. Salem Investment Counselors Inc. now owns 788 shares of the company’s stock worth $144,000 after purchasing an additional 84 shares in the last quarter. Finally, Security Financial Services INC. acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $328,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $203.52 on Friday. The firm’s 50 day moving average price is $196.60 and its two-hundred day moving average price is $191.29. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The firm has a market cap of $34.71 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%. 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.