VitalStone Financial LLC Increases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

VitalStone Financial LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 49.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,817 shares of the company’s stock after acquiring an additional 1,596 shares during the quarter. VitalStone Financial LLC’s holdings in Invesco NASDAQ 100 ETF were worth $949,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $388,000. Aveo Capital Partners LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 63.7% during the fourth quarter. Aveo Capital Partners LLC now owns 80,306 shares of the company’s stock worth $13,535,000 after purchasing an additional 31,256 shares during the last quarter. Rollins Financial increased its position in shares of Invesco NASDAQ 100 ETF by 9.8% during the fourth quarter. Rollins Financial now owns 40,425 shares of the company’s stock worth $6,813,000 after purchasing an additional 3,619 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 29.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 22,555 shares of the company’s stock valued at $3,802,000 after purchasing an additional 5,069 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 185.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 13,934 shares of the company’s stock valued at $2,421,000 after purchasing an additional 9,049 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.9 %

NASDAQ:QQQM opened at $188.73 on Wednesday. The company has a market capitalization of $29.35 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24. The stock’s 50 day moving average price is $193.98 and its 200 day moving average price is $187.91.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were issued a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.68%.

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.