Truvestments Capital LLC Makes New Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Truvestments Capital LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 289 shares of the company’s stock, valued at approximately $58,000.

Several other large investors have also added to or reduced their stakes in the stock. CarsonAllaria Wealth Management Ltd. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $27,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $29,000. Triad Wealth Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $30,000. GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $36,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $36,000.

Invesco NASDAQ 100 ETF Stock Down 0.8 %

NASDAQ:QQQM opened at $208.00 on Thursday. The business’s 50-day moving average price is $203.79 and its two-hundred day moving average price is $196.85. Invesco NASDAQ 100 ETF has a twelve month low of $157.44 and a twelve month high of $212.19. The stock has a market cap of $35.45 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.58%.

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.