Crestwood Advisors Group LLC Invests $558,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Crestwood Advisors Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,778 shares of the company’s stock, valued at approximately $558,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $27,000. Massmutual Trust Co. FSB ADV purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth about $29,000. Triad Wealth Partners LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $30,000. GAMMA Investing LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $36,000. Finally, Rothschild Investment LLC purchased a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $208.07 on Thursday. The stock has a market cap of $35.46 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $151.85 and a fifty-two week high of $208.41. The firm’s 50-day simple moving average is $198.79 and its 200 day simple moving average is $193.57.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ 100 ETF Company 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.