WASHINGTON TRUST Co Increases Position in Invesco NASDAQ 100 ETF $QQQM

WASHINGTON TRUST Co raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,496 shares of the company’s stock after purchasing an additional 472 shares during the period. WASHINGTON TRUST Co’s holdings in Invesco NASDAQ 100 ETF were worth $340,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Mark Sheptoff Financial Planning LLC increased its holdings in Invesco NASDAQ 100 ETF by 30.7% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 217 shares of the company’s stock valued at $49,000 after buying an additional 51 shares during the last quarter. Uptick Partners LLC raised its position in shares of Invesco NASDAQ 100 ETF by 1.4% during the 2nd quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after acquiring an additional 52 shares in the last quarter. Opulen Financial Group LLC lifted its stake 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 worth $922,000 after purchasing an additional 59 shares during the last quarter. Compass Advisory Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 1.3% in the first quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock worth $927,000 after purchasing an additional 60 shares during the period. Finally, Purus Wealth Management LLC increased its stake 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 during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $250.48 on Friday. The company’s fifty day moving average is $249.15 and its two-hundred day moving average is $232.03. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The stock has a market capitalization of $65.60 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis 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.