Weitzel Financial Services Inc. Has $253,000 Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Weitzel Financial Services Inc. grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,274 shares of the company’s stock after purchasing an additional 179 shares during the quarter. Weitzel Financial Services Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $253,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the second quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock valued at $7,917,000 after acquiring an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives lifted its stake in shares of Invesco NASDAQ 100 ETF by 260.2% during the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after acquiring an additional 1,712,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco NASDAQ 100 ETF by 19.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after acquiring an additional 283,257 shares during the period. Finally, Meitav Investment House Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 25.7% during the third quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock valued at $319,132,000 after acquiring an additional 324,887 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 2.7 %

Shares of QQQM opened at $208.07 on Thursday. Invesco NASDAQ 100 ETF has a 12-month low of $151.85 and a 12-month high of $208.41. The firm has a market capitalization of $35.46 billion, a PE ratio of 34.39 and a beta of 1.18. The stock’s fifty day simple moving average is $198.79 and its 200-day simple moving average is $193.57.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.