Pure Financial Advisors LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Pure Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,721 shares of the company’s stock, valued at approximately $1,194,000.

A number of other institutional investors have also recently made changes to their positions in the company. Bison Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $393,000. Capstone Wealth Management Group LLC lifted its holdings in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares during the period. Empowered Funds LLC bought a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $534,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $304.52 on Friday. The firm has a 50-day moving average price of $286.28 and a 200-day moving average price of $263.28. Invesco NASDAQ 100 ETF has a twelve month low of $215.55 and a twelve month high of $308.21. The company has a market capitalization of $91.41 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be issued a $0.3522 dividend. The ex-dividend date of this dividend is 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.