Oppenheimer & Co. Inc. Purchases 2,801 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Oppenheimer & Co. Inc. grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,529 shares of the company’s stock after buying an additional 2,801 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $5,730,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $265,000. Bleakley Financial Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth about $218,000. Kingsview Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $2,237,000. Blair William & Co. IL lifted its holdings in Invesco NASDAQ 100 ETF by 2,885.8% during the 1st quarter. Blair William & Co. IL now owns 3,583 shares of the company’s stock valued at $655,000 after purchasing an additional 3,463 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 21.0% in the first quarter. Prevail Innovative Wealth Advisors LLC now owns 13,663 shares of the company’s stock valued at $2,496,000 after buying an additional 2,368 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.7 %

Shares of Invesco NASDAQ 100 ETF stock opened at $209.34 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $157.44 and a 1-year high of $212.19. The firm’s 50-day moving average price is $200.61 and its two-hundred day moving average price is $194.84. The stock has a market capitalization of $35.67 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

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 dividend of $0.30 per share. 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 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.