AA Financial Advisors LLC Invests $318,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

AA Financial Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 1,584 shares of the company’s stock, valued at approximately $318,000.

Several other hedge funds have also recently made changes to their positions in QQQM. International Assets Investment Management LLC raised 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 worth $720,000 after acquiring an additional 1,625 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 11.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 788 shares of the company’s stock valued at $144,000 after buying an additional 84 shares during the period. Southland Equity Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 5.1% in the 1st quarter. Southland Equity Partners LLC now owns 1,870 shares of the company’s stock valued at $342,000 after buying an additional 90 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $9,534,000. Finally, Strategic Planning Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 23.8% in the 1st quarter. Strategic Planning Group LLC now owns 70,030 shares of the company’s stock valued at $12,794,000 after buying an additional 13,463 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $203.52 on Monday. The stock has a 50-day moving average of $196.60 and a 200-day moving average of $191.43. The company has a market cap of $34.70 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24.

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 was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.59%.

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.