J.W. Cole Advisors Inc. Acquires 2,886 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

J.W. Cole Advisors Inc. grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 40.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,083 shares of the company’s stock after purchasing an additional 2,886 shares during the period. J.W. Cole Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. CFS Investment Advisory Services LLC increased its position in shares of Invesco NASDAQ 100 ETF by 0.8% during the fourth quarter. CFS Investment Advisory Services LLC now owns 7,347 shares of the company’s stock valued at $1,238,000 after buying an additional 57 shares during the period. Cutter & CO Brokerage Inc. increased its holdings in Invesco NASDAQ 100 ETF by 2.1% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after acquiring an additional 64 shares during the period. Madison Wealth Partners Inc increased its holdings in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after acquiring an additional 69 shares during the period. Arkadios Wealth Advisors lifted its stake in Invesco NASDAQ 100 ETF by 4.1% in the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock worth $341,000 after purchasing an additional 74 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Invesco NASDAQ 100 ETF by 72.7% in the 2nd quarter. National Bank of Canada FI now owns 190 shares of the company’s stock valued at $38,000 after purchasing an additional 80 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $195.63 on Friday. The stock has a market cap of $30.42 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $140.84 and a fifty-two week high of $207.24. The firm’s fifty day moving average price is $193.47 and its 200-day moving average price is $188.16.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 annualized dividend and a dividend 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.