Embree Financial Group Grows Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Hayley Millar on Oct 20th, 2024

Embree Financial Group grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 4.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,386 shares of the company’s stock after acquiring an additional 129 shares during the quarter. Embree Financial Group’s holdings in Invesco NASDAQ 100 ETF were worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in QQQM. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $27,000. Massmutual Trust Co. FSB ADV purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $29,000. Triad Wealth Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000. Finally, Rothschild Investment LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000.

Invesco NASDAQ 100 ETF Stock Up 0.7 %

NASDAQ:QQQM opened at $203.52 on Friday. The stock’s 50 day moving average price is $196.60 and its 200 day moving average price is $191.36. The company has a market capitalization of $34.70 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.

Invesco NASDAQ 100 ETF Cuts Dividend

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

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.