Austin Wealth Management LLC Purchases 275 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Austin Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,162 shares of the company’s stock after acquiring an additional 275 shares during the quarter. Austin Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QQQM. Marshall Financial Group LLC boosted its stake in Invesco NASDAQ 100 ETF by 38.3% in the 1st quarter. Marshall Financial Group LLC now owns 3,988 shares of the company’s stock worth $729,000 after purchasing an additional 1,104 shares during the period. Ashton Thomas Private Wealth LLC raised its position in Invesco NASDAQ 100 ETF by 29.6% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 14,629 shares of the company’s stock valued at $2,673,000 after buying an additional 3,340 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in Invesco NASDAQ 100 ETF by 120.6% in the 1st quarter. J.W. Cole Advisors Inc. now owns 7,197 shares of the company’s stock valued at $1,315,000 after acquiring an additional 3,935 shares in the last quarter. Private Advisor Group LLC boosted its position in Invesco NASDAQ 100 ETF by 31.1% during the 1st quarter. Private Advisor Group LLC now owns 554,178 shares of the company’s stock worth $101,240,000 after acquiring an additional 131,563 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $204,000.

Invesco NASDAQ 100 ETF Stock Down 1.8 %

QQQM traded down $3.70 during trading hours on Thursday, hitting $200.61. 433,137 shares of the company’s stock were exchanged, compared to its average volume of 1,821,926. Invesco NASDAQ 100 ETF has a 1-year low of $142.62 and a 1-year high of $207.24. The stock’s 50-day moving average is $198.16 and its two-hundred day moving average is $192.62. The stock has a market cap of $34.37 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.60%. 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.