Kingswood Wealth Advisors LLC Purchases 1,849 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kingswood Wealth Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 34.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,257 shares of the company’s stock after buying an additional 1,849 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,431,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $65,475,000. Arkadios Wealth Advisors bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $302,000. Stratos Wealth Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 58.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 6,607 shares of the company’s stock valued at $1,114,000 after buying an additional 2,429 shares during the period. Woodard & Co. Asset Management Group Inc. ADV raised its holdings in shares of Invesco NASDAQ 100 ETF by 7.2% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,674 shares of the company’s stock valued at $451,000 after acquiring an additional 179 shares in the last quarter. Finally, Strategic Blueprint LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth about $1,368,000.

Invesco NASDAQ 100 ETF Stock Down 1.1 %

NASDAQ:QQQM traded down $1.98 during mid-day trading on Wednesday, reaching $178.94. The company’s stock had a trading volume of 2,814,147 shares, compared to its average volume of 1,813,759. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The stock has a fifty day moving average of $195.20 and a 200-day moving average of $185.22. The firm has a market capitalization of $27.83 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Monday, June 24th.

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.