City State Bank Purchases 380 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

City State Bank raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,270 shares of the company’s stock after purchasing an additional 380 shares during the period. City State Bank’s holdings in Invesco NASDAQ 100 ETF were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of QQQM. Envestnet Asset Management Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1,650.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after acquiring an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC lifted its stake in Invesco NASDAQ 100 ETF by 10,544.5% in the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after buying an additional 3,978,954 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco NASDAQ 100 ETF by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after buying an additional 283,257 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco NASDAQ 100 ETF by 6.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after buying an additional 80,230 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 6.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock valued at $279,551,000 after acquiring an additional 83,702 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $203.03 on Friday. The company has a 50 day moving average price of $194.49 and a two-hundred day moving average price of $190.65. The company has a market capitalization of $34.36 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.