Retirement Planning Co of New England Inc. Increases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Retirement Planning Co of New England Inc. raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 24.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,797 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Invesco NASDAQ 100 ETF by 13.1% in the 3rd quarter. Royal Bank of Canada now owns 311,832 shares of the company’s stock worth $45,967,000 after acquiring an additional 36,092 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth $1,139,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 22.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 42,555 shares of the company’s stock valued at $6,273,000 after purchasing an additional 7,906 shares during the period. Anchor Investment Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $4,654,000. Finally, Global Wealth Strategies & Associates increased its stake in Invesco NASDAQ 100 ETF by 139.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 103,144 shares of the company’s stock worth $17,384,000 after buying an additional 59,993 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.6 %

QQQM stock traded up $1.23 during trading on Friday, reaching $203.67. The stock had a trading volume of 1,726,400 shares, compared to its average volume of 1,717,571. The firm has a fifty day moving average price of $192.66 and a 200 day moving average price of $182.06. The company has a market capitalization of $30.33 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.3199 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, June 24th.

About Invesco NASDAQ 100 ETF

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.