CRA Financial Services LLC Acquires 415 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

CRA Financial Services LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,790 shares of the company’s stock after acquiring an additional 415 shares during the quarter. CRA Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $327,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. M&R Capital Management Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $28,000. Creekmur Asset Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $32,000. Larson Financial Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 120.5% in the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 106 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $34,000. Finally, Richardson Financial Services Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $40,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded down $1.08 during trading on Friday, reaching $197.11. The stock had a trading volume of 2,099,436 shares, compared to its average volume of 1,729,646. The firm’s fifty day moving average is $187.18 and its 200 day moving average is $179.66. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $200.47. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 24th were paid a $0.3199 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Monday, June 24th.

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.