Hudock Inc. Purchases 7,873 Shares of Invesco NASDAQ 100 ETF $QQQM

Hudock Inc. increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,902 shares of the company’s stock after purchasing an additional 7,873 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 3.8% of Hudock Inc.’s portfolio, making the stock its 8th largest position. Hudock Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $23,596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at about $90,815,000. Raymond James Financial Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock valued at $424,950,000 after purchasing an additional 421,792 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Invesco NASDAQ 100 ETF by 48.1% during the 1st quarter. Jones Financial Companies Lllp now owns 1,262,644 shares of the company’s stock valued at $243,791,000 after purchasing an additional 410,340 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco NASDAQ 100 ETF by 14.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after purchasing an additional 368,544 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in Invesco NASDAQ 100 ETF by 88.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 578,345 shares of the company’s stock worth $111,632,000 after purchasing an additional 271,551 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.1%

Shares of QQQM opened at $255.71 on Thursday. The firm has a market cap of $66.97 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average is $248.87 and its two-hundred day moving average is $231.90. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business 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. This represents a $1.21 dividend on an annualized basis and a 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.