Hutchens & Kramer Investment Management Group LLC Purchases Shares of 2,176 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Hutchens & Kramer Investment Management Group LLC acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,176 shares of the company’s stock, valued at approximately $431,000.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in Invesco NASDAQ 100 ETF by 1,650.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC raised its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after buying an additional 3,978,954 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco NASDAQ 100 ETF by 19.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after buying an additional 283,257 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake 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 valued at $260,952,000 after buying an additional 80,230 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Invesco NASDAQ 100 ETF by 6.3% during the second 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.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock traded down $2.73 during midday trading on Tuesday, hitting $202.02. The stock had a trading volume of 1,809,379 shares, compared to its average volume of 1,841,806. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The firm has a market cap of $34.19 billion, a PE ratio of 34.39 and a beta of 1.18. The company’s 50-day moving average price is $195.00 and its 200 day moving average price is $190.86.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.