Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Purchased by Marmo Financial Group LLC

Marmo Financial Group LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,809 shares of the company’s stock after purchasing an additional 484 shares during the period. Invesco NASDAQ 100 ETF makes up 18.6% of Marmo Financial Group LLC’s portfolio, making the stock its 2nd biggest position. Marmo Financial Group LLC owned about 0.10% of Invesco NASDAQ 100 ETF worth $30,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. CarsonAllaria Wealth Management Ltd. acquired a new position in Invesco NASDAQ 100 ETF during the second quarter valued at approximately $27,000. M&R Capital Management Inc. bought a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $28,000. Triad Wealth Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $30,000. Creekmur Asset Management LLC bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $32,000. Finally, Larson Financial Group LLC increased its position in Invesco NASDAQ 100 ETF by 120.5% in the 4th quarter. Larson Financial Group LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 106 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM traded down $3.17 during trading hours on Thursday, reaching $195.43. 1,295,986 shares of the company traded hands, compared to its average volume of 1,800,177. The stock’s fifty day moving average is $195.51 and its 200 day moving average is $186.46. The stock has a market cap of $30.39 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.