TrueWealth Advisors LLC Has $1.19 Million Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

TrueWealth Advisors LLC grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,915 shares of the company’s stock after acquiring an additional 554 shares during the period. TrueWealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Latko Wealth Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $23,278,000. Janney Montgomery Scott LLC lifted its holdings in Invesco NASDAQ 100 ETF by 370.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 156,264 shares of the company’s stock worth $31,386,000 after purchasing an additional 123,023 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 40.5% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 11,662 shares of the company’s stock worth $2,342,000 after purchasing an additional 3,359 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 34.2% in the 3rd quarter. Clear Creek Financial Management LLC now owns 24,834 shares of the company’s stock worth $4,988,000 after purchasing an additional 6,332 shares during the last quarter. Finally, Luken Investment Analytics LLC lifted its holdings in Invesco NASDAQ 100 ETF by 1,965.5% in the 3rd quarter. Luken Investment Analytics LLC now owns 186,680 shares of the company’s stock worth $37,495,000 after purchasing an additional 177,642 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.7 %

NASDAQ QQQM traded up $1.47 during trading on Friday, hitting $200.60. The company’s stock had a trading volume of 1,574,496 shares, compared to its average volume of 1,830,263. The firm has a 50 day moving average price of $198.29 and a 200 day moving average price of $192.94. The firm has a market cap of $34.14 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $148.25 and a 52 week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.60%. The ex-dividend date was Monday, September 23rd.

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.