U.S. Capital Wealth Advisors LLC Acquires 545 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

U.S. Capital Wealth Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 23.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,862 shares of the company’s stock after acquiring an additional 545 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $564,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in Invesco NASDAQ 100 ETF by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock valued at $260,952,000 after buying an additional 80,230 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 5.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,334,544 shares of the company’s stock worth $243,808,000 after buying an additional 73,946 shares during the period. Meitav Investment House Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 1.4% in the 1st quarter. Meitav Investment House Ltd. now owns 1,264,323 shares of the company’s stock worth $231,041,000 after buying an additional 17,800 shares during the period. Cetera Investment Advisers grew its position in shares of Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after buying an additional 879,707 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Invesco NASDAQ 100 ETF by 11.7% in the 1st quarter. Bank of New York Mellon Corp now owns 929,408 shares of the company’s stock worth $169,794,000 after buying an additional 97,618 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock traded up $0.97 during trading on Friday, hitting $185.34. 1,758,081 shares of the stock traded hands, compared to its average volume of 1,820,090. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The firm’s 50 day moving average is $194.99 and its two-hundred day moving average is $185.17. The stock has a market cap of $28.82 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.3199 per share. This represents a $1.28 annualized dividend and a yield of 0.69%. The ex-dividend date 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.