KPP Advisory Services LLC Has $14.25 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

KPP Advisory Services LLC increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 123.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,924 shares of the company’s stock after purchasing an additional 39,201 shares during the period. Invesco NASDAQ 100 ETF accounts for 3.4% of KPP Advisory Services LLC’s portfolio, making the stock its 3rd largest holding. KPP Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $14,245,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. CarsonAllaria Wealth Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $29,000. Triad Wealth Partners LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $30,000. GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $36,000. Finally, Rothschild Investment LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $36,000.

Invesco NASDAQ 100 ETF Stock Down 2.4 %

NASDAQ QQQM traded down $4.99 during trading hours on Friday, hitting $204.35. 1,775,427 shares of the company were exchanged, compared to its average volume of 1,818,933. The stock has a market cap of $34.82 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $157.44 and a 52 week high of $212.19. The stock has a 50-day moving average price of $201.39 and a 200 day moving average price of $195.12.

Invesco NASDAQ 100 ETF Cuts Dividend

The business 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 of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.59%.

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.