Parsons Capital Management Inc. RI Purchases 95 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Parsons Capital Management Inc. RI boosted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,012 shares of the company’s stock after purchasing an additional 95 shares during the period. Parsons Capital Management Inc. RI’s holdings in Invesco NASDAQ 100 ETF were worth $397,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 6.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after purchasing an additional 80,230 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Invesco NASDAQ 100 ETF by 6.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after acquiring an additional 83,702 shares during the last quarter. Meitav Investment House Ltd. grew its holdings in Invesco NASDAQ 100 ETF by 1.4% during the 1st quarter. Meitav Investment House Ltd. now owns 1,264,323 shares of the company’s stock worth $231,041,000 after acquiring an additional 17,800 shares during the last quarter. Cetera Investment Advisers increased its position in 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 valued at $190,673,000 after acquiring an additional 879,707 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Invesco NASDAQ 100 ETF by 11.7% in the first quarter. Bank of New York Mellon Corp now owns 929,408 shares of the company’s stock worth $169,794,000 after acquiring an additional 97,618 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 1.3 %

Shares of QQQM traded up $2.57 during mid-day trading on Monday, hitting $198.07. 1,368,624 shares of the company traded hands, compared to its average volume of 1,809,929. The stock has a market capitalization of $30.80 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business has a 50-day moving average of $195.35 and a 200 day moving average of $186.17. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a $0.3199 dividend. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%.

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.