Twin Peaks Wealth Advisors LLC Has $1.03 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Twin Peaks Wealth Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,112 shares of the company’s stock after acquiring an additional 312 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,027,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CarsonAllaria Wealth Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF during the second quarter worth $27,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at $29,000. Triad Wealth Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $30,000. GAMMA Investing LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $36,000. Finally, Rothschild Investment LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the second quarter valued at $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM traded up $0.09 during midday trading on Wednesday, reaching $205.90. 304,016 shares of the company traded hands, compared to its average volume of 1,825,176. The stock’s 50-day simple moving average is $198.04 and its 200-day simple moving average is $192.54. Invesco NASDAQ 100 ETF has a 12 month low of $142.62 and a 12 month high of $207.24. The firm has a market cap of $35.28 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given 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 0.58%.

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.