Horizon Wealth Management LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Horizon Wealth Management LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,289 shares of the company’s stock after buying an additional 2,719 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 5.0% of Horizon Wealth Management LLC’s holdings, making the stock its 7th biggest holding. Horizon Wealth Management LLC owned 0.07% of Invesco NASDAQ 100 ETF worth $25,164,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $39,000. Quantbot Technologies LP acquired a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $265,000. Sequoia Financial Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $204,000. Portside Wealth Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $351,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $36,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $202.02 on Thursday. The stock has a market cap of $34.45 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The company has a 50 day simple moving average of $195.88 and a 200 day simple moving average of $191.07. 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 business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.59%.

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.