Endowment Wealth Management Inc. Boosts Stock Position in Invesco NASDAQ 100 ETF $QQQM

Endowment Wealth Management Inc. boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 22.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,518 shares of the company’s stock after buying an additional 278 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Concord Asset Management LLC VA purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth $408,000. Total Clarity Wealth Management Inc. boosted its stake in Invesco NASDAQ 100 ETF by 35.8% during the second quarter. Total Clarity Wealth Management Inc. now owns 23,465 shares of the company’s stock worth $5,329,000 after buying an additional 6,191 shares during the period. MGO One Seven LLC boosted its stake in Invesco NASDAQ 100 ETF by 14.8% during the second quarter. MGO One Seven LLC now owns 13,857 shares of the company’s stock worth $3,147,000 after buying an additional 1,789 shares during the period. Leith Wheeler Investment Counsel Ltd. boosted its stake in Invesco NASDAQ 100 ETF by 84.4% during the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 300,957 shares of the company’s stock worth $68,347,000 after buying an additional 137,773 shares during the period. Finally, Stephens Consulting LLC boosted its stake in Invesco NASDAQ 100 ETF by 4.0% during the second quarter. Stephens Consulting LLC now owns 18,572 shares of the company’s stock worth $4,218,000 after buying an additional 721 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 3.5%

NASDAQ QQQM opened at $242.67 on Monday. The company has a fifty day moving average of $240.37 and a two-hundred day moving average of $220.94. The firm has a market capitalization of $62.41 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $252.42.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.