Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Stock Position Raised by RFG Advisory LLC

RFG Advisory LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 353,190 shares of the company’s stock after purchasing an additional 46,130 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 2.2% of RFG Advisory LLC’s holdings, making the stock its 8th biggest holding. RFG Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $70,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LexAurum Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 3.3% during the 3rd quarter. LexAurum Advisors LLC now owns 11,395 shares of the company’s stock valued at $2,289,000 after purchasing an additional 361 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in Invesco NASDAQ 100 ETF by 9.7% in the third quarter. Onyx Bridge Wealth Group LLC now owns 17,578 shares of the company’s stock worth $3,531,000 after buying an additional 1,554 shares in the last quarter. TruWealth Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 0.8% during the third quarter. TruWealth Advisors LLC now owns 175,528 shares of the company’s stock worth $35,255,000 after acquiring an additional 1,460 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 14.5% in the 3rd quarter. Secure Asset Management LLC now owns 29,200 shares of the company’s stock worth $5,865,000 after acquiring an additional 3,693 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 6.9% in the 3rd quarter. Marshall Financial Group LLC now owns 4,612 shares of the company’s stock worth $926,000 after acquiring an additional 296 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $202.20 on Friday. The firm has a market cap of $34.48 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm’s fifty day moving average is $196.24 and its 200 day moving average is $191.15. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The business 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company 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.