Invesco NASDAQ 100 ETF $QQQM Shares Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 764.5% in the first quarter, Holdings Channel reports. The firm owned 37,588 shares of the company’s stock after buying an additional 33,240 shares during the period. Gateway Wealth Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. Ridgeline Wealth Planning LLC boosted its holdings in Invesco NASDAQ 100 ETF by 4.4% in the 1st quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after buying an additional 37 shares during the last quarter. Archer Investment Corp raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock valued at $580,000 after acquiring an additional 44 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 3.4% during the fourth quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock valued at $336,000 after acquiring an additional 44 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 7.3% in the first quarter. Blue Trust Inc. now owns 680 shares of the company’s stock valued at $162,000 after acquiring an additional 46 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after acquiring an additional 47 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $281.68 on Monday. The business’s 50 day moving average price is $295.92 and its 200-day moving average price is $270.17. The firm has a market capitalization of $96.09 billion, a PE ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 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.