McGinn Penninger Investment Management Inc. Purchases New Holdings in Invesco NASDAQ 100 ETF $QQQM

McGinn Penninger Investment Management Inc. purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 379 shares of the company’s stock, valued at approximately $86,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Prosperity Consulting Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 6.4% in the second quarter. Prosperity Consulting Group LLC now owns 109,908 shares of the company’s stock valued at $24,960,000 after purchasing an additional 6,635 shares during the last quarter. Next Capital Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 4.1% in the second quarter. Next Capital Management LLC now owns 8,148 shares of the company’s stock valued at $1,850,000 after purchasing an additional 321 shares during the last quarter. Obermeyer Wealth Partners purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $275,000. Bank of New York Mellon Corp boosted its holdings in Invesco NASDAQ 100 ETF by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 772,665 shares of the company’s stock valued at $175,472,000 after purchasing an additional 24,739 shares during the last quarter. Finally, Freestone Capital Holdings LLC purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $4,109,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $260.23 on Tuesday. The stock has a 50-day moving average price of $246.15 and a 200 day moving average price of $228.86. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The company has a market capitalization of $68.12 billion, a P/E ratio of 31.95 and a beta of 1.16.

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

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.