Wealthcare Advisory Partners LLC Purchases New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Wealthcare Advisory Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,589 shares of the company’s stock, valued at approximately $5,588,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its holdings in Invesco NASDAQ 100 ETF by 25.2% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,260,598 shares of the company’s stock valued at $212,461,000 after acquiring an additional 254,025 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco NASDAQ 100 ETF by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock valued at $170,669,000 after acquiring an additional 94,790 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in Invesco NASDAQ 100 ETF by 53.0% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock valued at $176,150,000 after acquiring an additional 362,075 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 10.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 885,565 shares of the company’s stock valued at $149,253,000 after acquiring an additional 80,399 shares in the last quarter. Finally, Money Design Co. Ltd. raised its holdings in Invesco NASDAQ 100 ETF by 126.0% in the 4th quarter. Money Design Co. Ltd. now owns 785,015 shares of the company’s stock valued at $132,306,000 after acquiring an additional 437,683 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock traded up $1.03 during trading on Thursday, reaching $198.73. 234,963 shares of the company’s stock were exchanged, compared to its average volume of 1,718,934. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $200.32. The company has a market cap of $25.77 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm’s 50-day moving average price is $186.17 and its 200 day moving average price is $179.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 24th will be given a dividend of $0.3199 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.64%.

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.