Gerber Kawasaki Wealth & Investment Management Has $208.38 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Gerber Kawasaki Wealth & Investment Management raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.3% during the second quarter, HoldingsChannel reports. The fund owned 917,558 shares of the company’s stock after acquiring an additional 77,807 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 8.1% of Gerber Kawasaki Wealth & Investment Management’s holdings, making the stock its largest position. Gerber Kawasaki Wealth & Investment Management’s holdings in Invesco NASDAQ 100 ETF were worth $208,376,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $393,000. Capstone Wealth Management Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after purchasing an additional 3,220 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 4.5% in the first quarter. Chicago Partners Investment Group LLC now owns 1,614 shares of the company’s stock worth $321,000 after purchasing an additional 69 shares during the period. National Bank of Canada FI bought a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at $75,000. Finally, Savvy Advisors Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 18.0% during the first quarter. Savvy Advisors Inc. now owns 2,608 shares of the company’s stock worth $503,000 after purchasing an additional 398 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $257.53 on Monday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23. The firm’s 50-day moving average is $251.76 and its 200-day moving average is $237.61. The company has a market cap of $67.45 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

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