Invesco NASDAQ 100 ETF $QQQM Shares Purchased by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 58.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,801 shares of the company’s stock after acquiring an additional 2,883 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 1.4% of Ipsen Advisor Group LLC’s holdings, making the stock its 20th largest holding. Ipsen Advisor Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,772,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. NorthRock Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $28,000. Hughes Financial Services LLC acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at about $30,000. HHM Wealth Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 273.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 153 shares of the company’s stock valued at $30,000 after purchasing an additional 112 shares in the last quarter. Pflug Koory LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $32,000. Finally, BankPlus Trust Department purchased a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $33,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $251.83 on Friday. The stock’s 50 day moving average price is $247.23 and its 200 day moving average price is $229.71. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a market cap of $65.96 billion, a PE ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared 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 dividend 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.