SPC Financial Inc. Purchases New Stake in Invesco NASDAQ 100 ETF $QQQM

SPC Financial Inc. purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,851 shares of the company’s stock, valued at approximately $3,146,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Union Bancaire Privee UBP SA acquired a new position in Invesco NASDAQ 100 ETF in the first quarter valued at about $25,000. Westwind Capital acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $27,000. NorthRock Partners LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $28,000. Crews Bank & Trust raised its stake in Invesco NASDAQ 100 ETF by 328.6% during the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after acquiring an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $30,000.

Invesco NASDAQ 100 ETF Trading Down 3.5%

Shares of NASDAQ QQQM opened at $242.67 on Friday. The company has a market cap of $62.39 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $252.42. The stock has a 50-day moving average price of $240.37 and a two-hundred day moving average price of $220.79.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend and a yield of 0.5%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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