Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Acquired by Denver Wealth Management Inc.

Denver Wealth Management Inc. lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,309 shares of the company’s stock after purchasing an additional 7,609 shares during the period. Invesco NASDAQ 100 ETF comprises about 14.2% of Denver Wealth Management Inc.’s portfolio, making the stock its 2nd largest holding. Denver Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $30,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $27,000. Massmutual Trust Co. FSB ADV purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $29,000. Triad Wealth Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $30,000. GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000. Finally, Rothschild Investment LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $36,000.

Invesco NASDAQ 100 ETF Trading Down 0.0 %

NASDAQ:QQQM traded down $0.08 during trading hours on Monday, hitting $203.44. 856,447 shares of the stock were exchanged, compared to its average volume of 1,832,199. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24. The firm’s fifty day moving average price is $196.60 and its 200 day moving average price is $191.43. The company has a market cap of $34.69 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.