Cabot Wealth Management Inc. Purchases 249 Shares of Invesco NASDAQ 100 ETF $QQQM

Cabot Wealth Management Inc. lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,815 shares of the company’s stock after buying an additional 249 shares during the quarter. Cabot Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,592,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Uptick Partners LLC boosted its position in Invesco NASDAQ 100 ETF by 1.4% during the second quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after purchasing an additional 52 shares in the last quarter. Opulen Financial Group LLC boosted its position in Invesco NASDAQ 100 ETF by 1.3% during the first quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after purchasing an additional 59 shares in the last quarter. Compass Advisory Group LLC boosted its position in Invesco NASDAQ 100 ETF by 1.3% during the first quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock valued at $927,000 after purchasing an additional 60 shares in the last quarter. Purus Wealth Management LLC boosted its position in Invesco NASDAQ 100 ETF by 0.4% during the first quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after purchasing an additional 61 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. boosted its position in Invesco NASDAQ 100 ETF by 3.3% during the first quarter. Pettyjohn Wood & White Inc. now owns 2,050 shares of the company’s stock valued at $396,000 after purchasing an additional 65 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $254.02 on Friday. The company has a market cap of $66.10 billion, a P/E ratio of 31.95 and a beta of 1.18. The stock’s 50-day moving average is $243.14 and its 200 day moving average is $225.25. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $254.58.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.3025 dividend. 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.