Winthrop Advisory Group LLC Has $4.84 Million Position in Invesco NASDAQ 100 ETF $QQQM

Winthrop Advisory Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 148.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 21,327 shares of the company’s stock after acquiring an additional 12,756 shares during the period. Winthrop Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,843,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 91.6% in the first quarter. Sequoia Financial Advisors LLC now owns 2,656 shares of the company’s stock valued at $513,000 after buying an additional 1,270 shares in the last quarter. Mather Group LLC. grew its stake in Invesco NASDAQ 100 ETF by 80.6% during the first quarter. Mather Group LLC. now owns 168 shares of the company’s stock worth $32,000 after buying an additional 75 shares during the last quarter. San Luis Wealth Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $1,932,000. Savvy Advisors Inc. grew its stake in Invesco NASDAQ 100 ETF by 18.0% during the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after buying an additional 398 shares during the last quarter. Finally, Brown Advisory Inc. bought a new stake in Invesco NASDAQ 100 ETF during the first quarter worth about $203,000.

Invesco NASDAQ 100 ETF Trading Down 0.5%

Shares of Invesco NASDAQ 100 ETF stock opened at $248.85 on Wednesday. The stock has a market capitalization of $63.85 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $250.98. The firm’s 50-day moving average price is $239.34 and its two-hundred day moving average price is $219.80.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.