Tactive Advisors LLC Has $8.93 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Tactive Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 422.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,459 shares of the company’s stock after buying an additional 23,817 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 2.2% of Tactive Advisors LLC’s holdings, making the stock its 7th largest position. Tactive Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $8,925,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $25,000. Imprint Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth approximately $31,000. SJS Investment Consulting Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at approximately $40,000. Osbon Capital Management LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $41,000. Finally, Versant Capital Management Inc purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth approximately $41,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $297.70 on Friday. The company’s fifty day moving average price is $294.00 and its 200-day moving average price is $272.19. The firm has a market capitalization of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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