Purus Wealth Management LLC Takes $373,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Purus Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,892 shares of the company’s stock, valued at approximately $373,000.

A number of other large investors also recently modified their holdings of the business. Axxcess Wealth Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 632.4% during the second quarter. Axxcess Wealth Management LLC now owns 20,207 shares of the company’s stock valued at $3,983,000 after purchasing an additional 17,448 shares during the period. Madison Wealth Partners Inc grew its holdings in Invesco NASDAQ 100 ETF by 30.0% during the second quarter. Madison Wealth Partners Inc now owns 5,864 shares of the company’s stock worth $1,156,000 after acquiring an additional 1,354 shares during the period. Capstone Wealth Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 39.8% during the second quarter. Capstone Wealth Management Group LLC now owns 3,118 shares of the company’s stock worth $615,000 after acquiring an additional 888 shares during the period. Edgestream Partners L.P. acquired a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $295,000. Finally, Citizens Financial Group Inc. RI grew its holdings in Invesco NASDAQ 100 ETF by 2,199.4% during the second quarter. Citizens Financial Group Inc. RI now owns 38,538 shares of the company’s stock worth $7,596,000 after acquiring an additional 36,862 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.1 %

NASDAQ:QQQM opened at $194.90 on Wednesday. The business’s 50-day moving average price is $193.08 and its 200 day moving average price is $188.40. The firm has a market cap of $30.31 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced 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. This represents a $1.28 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Monday, June 24th.

Invesco NASDAQ 100 ETF 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.