Advisor Resource Council Purchases New Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Advisor Resource Council acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 5,913 shares of the company’s stock, valued at approximately $1,188,000.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $204,000. Janney Montgomery Scott LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 38.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,264 shares of the company’s stock worth $5,712,000 after acquiring an additional 8,709 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 147.4% in the 1st quarter. Larson Financial Group LLC now owns 480 shares of the company’s stock worth $88,000 after acquiring an additional 286 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 42.6% in the 1st quarter. Advisory Services Network LLC now owns 23,129 shares of the company’s stock worth $4,225,000 after acquiring an additional 6,913 shares during the last quarter. Finally, Leuthold Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $208,000.

Invesco NASDAQ 100 ETF Stock Up 2.7 %

Shares of NASDAQ QQQM opened at $208.07 on Thursday. The firm’s fifty day moving average is $198.79 and its 200 day moving average is $193.57. The company has a market cap of $35.46 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $151.85 and a 52 week high of $208.41.

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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Monday, September 23rd.

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.