Foundations Investment Advisors LLC Has $7.56 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Foundations Investment Advisors LLC raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 36.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,645 shares of the company’s stock after acquiring an additional 10,002 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,561,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in QQQM. Cutter & CO Brokerage Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after buying an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.2% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after buying an additional 66 shares in the last quarter. Northstar Group Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 5.4% in the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock worth $271,000 after buying an additional 69 shares in the last quarter. Zhang Financial LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.8% in the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after buying an additional 70 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in shares of Invesco NASDAQ 100 ETF by 4.1% in the 1st quarter. Arkadios Wealth Advisors now owns 1,869 shares of the company’s stock worth $341,000 after buying an additional 74 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.2 %

Shares of QQQM opened at $203.89 on Tuesday. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24. The stock has a 50 day simple moving average of $196.96 and a 200-day simple moving average of $191.60. The stock has a market cap of $34.77 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, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.59%.

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.