CRA Financial Services LLC Raises Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

CRA Financial Services LLC increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 32.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,050 shares of the company’s stock after buying an additional 755 shares during the quarter. CRA Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $27,000. M&R Capital Management Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at about $28,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $30,000. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $32,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM traded up $0.26 during midday trading on Friday, hitting $203.03. 824,809 shares of the company’s stock traded hands, compared to its average volume of 1,846,163. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The stock has a market capitalization of $34.36 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm has a fifty day moving average of $194.49 and a 200 day moving average of $190.60.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.