Kovack Advisors Inc. Takes $378,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kovack Advisors Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,883 shares of the company’s stock, valued at approximately $378,000.

Several other large investors have also made changes to their positions in the company. Ridgecrest Wealth Partners LLC increased its stake in Invesco NASDAQ 100 ETF by 4.4% during the third quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock worth $288,000 after acquiring an additional 60 shares during the last quarter. Cutter & CO Brokerage Inc. grew its holdings in shares of 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 purchasing an additional 64 shares during the period. Marble Harbor Investment Counsel LLC increased its position in Invesco NASDAQ 100 ETF by 1.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after purchasing an additional 66 shares in the last quarter. Northstar Group Inc. raised its holdings in Invesco NASDAQ 100 ETF by 5.4% in the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after buying an additional 69 shares during the period. Finally, Zhang Financial LLC lifted its position in Invesco NASDAQ 100 ETF by 2.8% during the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after buying an additional 70 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.7 %

Invesco NASDAQ 100 ETF stock opened at $209.34 on Friday. The firm has a fifty day moving average of $200.61 and a 200-day moving average of $194.84. Invesco NASDAQ 100 ETF has a 52-week low of $157.44 and a 52-week high of $212.19. The firm has a market capitalization of $35.67 billion, a P/E 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, September 27th. Shareholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Monday, September 23rd.

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.