Arthur M. Cohen & Associates LLC Has $25.94 Million Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arthur M. Cohen & Associates LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,986 shares of the company’s stock after purchasing an additional 7,551 shares during the period. Invesco NASDAQ 100 ETF accounts for 4.7% of Arthur M. Cohen & Associates LLC’s portfolio, making the stock its 7th largest position. Arthur M. Cohen & Associates LLC owned approximately 0.08% of Invesco NASDAQ 100 ETF worth $25,943,000 as of its most recent SEC filing.

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

Invesco NASDAQ 100 ETF Stock Up 0.6 %

Shares of QQQM opened at $201.23 on Tuesday. The company has a market capitalization of $34.29 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm has a 50 day moving average of $198.38 and a 200 day moving average of $193.24. Invesco NASDAQ 100 ETF has a twelve month low of $150.95 and a twelve month 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 given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend 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.