Global Financial Private Client LLC Grows Position in Invesco NASDAQ 100 ETF $QQQM

Global Financial Private Client LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,583 shares of the company’s stock after purchasing an additional 162 shares during the quarter. Global Financial Private Client LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its holdings in Invesco NASDAQ 100 ETF by 184.8% in the second quarter. Exchange Traded Concepts LLC now owns 248,948 shares of the company’s stock worth $56,536,000 after purchasing an additional 161,546 shares in the last quarter. Marshall Financial Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 8.6% in the 2nd quarter. Marshall Financial Group LLC now owns 6,860 shares of the company’s stock worth $1,559,000 after acquiring an additional 546 shares in the last quarter. Atticus Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $91,000. American Financial Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 235.0% during the 2nd quarter. American Financial Advisors LLC now owns 6,589 shares of the company’s stock valued at $1,496,000 after acquiring an additional 4,622 shares during the period. Finally, Secure Asset Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 10.1% during the second quarter. Secure Asset Management LLC now owns 45,116 shares of the company’s stock worth $10,246,000 after acquiring an additional 4,134 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $245.12 on Friday. The company has a 50 day simple moving average of $235.18 and a two-hundred day simple moving average of $215.27. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $246.23. The company has a market capitalization of $58.77 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were given a dividend of $0.3161 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $1.26 dividend on an annualized basis and a yield of 0.5%.

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.