Tyler Stone Wealth Management Grows Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Tyler Stone Wealth Management grew its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 152.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,650 shares of the company’s stock after buying an additional 5,825 shares during the quarter. Tyler Stone Wealth Management’s holdings in Invesco NASDAQ 100 ETF were worth $1,938,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QQQM. Cutter & CO Brokerage Inc. raised its stake in Invesco NASDAQ 100 ETF by 2.1% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after acquiring an additional 64 shares during the period. Marble Harbor Investment Counsel LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 1.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after buying an additional 66 shares in the last quarter. Northstar Group Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 5.4% in the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock worth $271,000 after buying an additional 69 shares during the period. Zhang Financial LLC boosted its holdings in Invesco NASDAQ 100 ETF by 2.8% in the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after buying an additional 70 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in Invesco NASDAQ 100 ETF by 6.6% in 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 in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock traded up $0.27 during trading hours on Friday, hitting $211.62. The company’s stock had a trading volume of 1,311,061 shares, compared to its average volume of 1,828,559. The company has a market cap of $36.06 billion, a PE ratio of 34.39 and a beta of 1.18. The business has a 50 day moving average price of $199.45 and a two-hundred day moving average price of $194.10. Invesco NASDAQ 100 ETF has a 12-month low of $152.05 and a 12-month high of $211.92.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.57%.

Invesco NASDAQ 100 ETF 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.