Swmg LLC Purchases Shares of 7,187 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Swmg LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,187 shares of the company’s stock, valued at approximately $1,515,000. Invesco NASDAQ 100 ETF makes up approximately 0.6% of Swmg LLC’s investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds also recently bought and sold shares of QQQM. Mather Group LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $39,000. Portside Wealth Group LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $351,000. GAMMA Investing LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000. Sequoia Financial Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 6.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after buying an additional 74 shares during the last quarter. Finally, Creative Planning grew its stake in Invesco NASDAQ 100 ETF by 11.6% during the 3rd quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after buying an additional 2,149 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.2 %

NASDAQ:QQQM opened at $215.37 on Thursday. The stock’s 50 day moving average price is $205.02 and its 200 day moving average price is $197.79. Invesco NASDAQ 100 ETF has a 52-week low of $158.10 and a 52-week high of $215.47. The company has a market capitalization of $36.70 billion, a PE 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. Shareholders 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 0.56%.

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.