CAP Partners LLC Increases Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

CAP Partners LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,675 shares of the company’s stock after purchasing an additional 773 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 1.6% of CAP Partners LLC’s portfolio, making the stock its 16th largest holding. CAP Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QQQM. Mather Group LLC. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth approximately $39,000. Portside Wealth Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $351,000. GAMMA Investing LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $36,000. Blair William & Co. IL boosted its position in shares of 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 acquiring an additional 3,463 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after purchasing an additional 74 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $204.48 on Monday. The company has a market capitalization of $34.85 billion, a PE ratio of 34.39 and a beta of 1.18. The firm’s 50-day moving average is $201.39 and its two-hundred day moving average is $195.42. Invesco NASDAQ 100 ETF has a 12 month low of $157.44 and a 12 month high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend yield of 0.59%.

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.