Towercrest Capital Management Buys New Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Towercrest Capital Management bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,780 shares of the company’s stock, valued at approximately $351,000.

Other large investors have also recently made changes to their positions in the company. Apexium Financial LP boosted its position in shares of Invesco NASDAQ 100 ETF by 18.1% in the 4th quarter. Apexium Financial LP now owns 44,561 shares of the company’s stock valued at $7,510,000 after purchasing an additional 6,820 shares during the period. US Bancorp DE lifted its position in Invesco NASDAQ 100 ETF by 16.8% during the 4th quarter. US Bancorp DE now owns 75,383 shares of the company’s stock worth $12,705,000 after acquiring an additional 10,860 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $2,008,000. ICA Group Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 24.0% during the 4th quarter. ICA Group Wealth Management LLC now owns 23,424 shares of the company’s stock worth $3,948,000 after acquiring an additional 4,530 shares during the period. Finally, Mather Group LLC. acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $39,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock traded down $5.08 during mid-day trading on Friday, reaching $184.70. 2,568,153 shares of the company were exchanged, compared to its average volume of 1,824,240. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The firm’s 50-day simple moving average is $194.43 and its two-hundred day simple moving average is $187.71. The firm has a market cap of $28.72 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.3199 per share. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.69%.

About Invesco NASDAQ 100 ETF

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.