2,583 Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Purchased by Strong Tower Advisory Services

Strong Tower Advisory Services purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,583 shares of the company’s stock, valued at approximately $519,000.

A number of other institutional investors also recently added to or reduced their stakes in QQQM. ICA Group Wealth Management LLC lifted its position in shares of Invesco NASDAQ 100 ETF by 24.0% during the 4th quarter. ICA Group Wealth Management LLC now owns 23,424 shares of the company’s stock worth $3,948,000 after buying an additional 4,530 shares during the period. Mather Group LLC. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at $39,000. Quantbot Technologies LP bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth about $265,000. Gerber LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $1,197,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $204,000.

Invesco NASDAQ 100 ETF Stock Up 0.2 %

NASDAQ:QQQM traded up $0.36 on Friday, reaching $203.13. The stock had a trading volume of 374,724 shares, compared to its average volume of 1,843,794. The company has a market capitalization of $34.26 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $207.24. The stock has a fifty day moving average price of $194.12 and a 200-day moving average price of $190.46.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.59%. 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.