3,103 Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Acquired by Prospect Financial Services LLC

Prospect Financial Services LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,103 shares of the company’s stock, valued at approximately $623,000.

A number of other institutional investors have also added to or reduced their stakes in QQQM. Mather Group LLC. purchased a new position in Invesco NASDAQ 100 ETF during the second quarter valued at $39,000. Quantbot Technologies LP bought a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $265,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $204,000. Creekmur Asset Management LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $32,000. Finally, Portside Wealth Group LLC purchased a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $351,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $202.02 on Wednesday. The company has a market cap of $34.19 billion, a price-to-earnings 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. The stock’s 50 day simple moving average is $195.42 and its two-hundred day simple moving average is $191.00.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

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.