Brookstone Capital Management Boosts Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Brookstone Capital Management lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 67.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,063 shares of the company’s stock after buying an additional 25,796 shares during the period. Brookstone Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $12,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Cutter & CO Brokerage Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 9.7% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 2,805 shares of the company’s stock valued at $473,000 after acquiring an additional 247 shares during the period. Apexium Financial LP boosted its stake in shares of Invesco NASDAQ 100 ETF by 18.1% during the fourth quarter. Apexium Financial LP now owns 44,561 shares of the company’s stock valued at $7,510,000 after purchasing an additional 6,820 shares during the period. US Bancorp DE grew its holdings in shares of Invesco NASDAQ 100 ETF by 16.8% in the fourth quarter. US Bancorp DE now owns 75,383 shares of the company’s stock worth $12,705,000 after purchasing an additional 10,860 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $2,008,000. Finally, ICA Group Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 24.0% during the 4th quarter. ICA Group Wealth Management LLC now owns 23,424 shares of the company’s stock valued at $3,948,000 after buying an additional 4,530 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock traded up $0.23 during trading hours on Friday, reaching $195.50. The stock had a trading volume of 1,367,131 shares, compared to its average volume of 1,812,707. The company has a fifty day simple moving average of $195.22 and a 200-day simple moving average of $185.82. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The stock has a market cap of $30.40 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a dividend of $0.3199 per share. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%.

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.