Napa Wealth Management Increases Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Napa Wealth Management increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 46.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,102 shares of the company’s stock after acquiring an additional 2,249 shares during the period. Napa Wealth Management’s holdings in Invesco NASDAQ 100 ETF were worth $1,426,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth about $218,000. Blair William & Co. IL raised its holdings in shares of Invesco NASDAQ 100 ETF by 2,885.8% in the first quarter. Blair William & Co. IL now owns 3,583 shares of the company’s stock worth $655,000 after buying an additional 3,463 shares during the period. TIAA Trust National Association bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $212,000. Burns Matteson Capital Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $275,000. Finally, Payden & Rygel Investment Group purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at $5,444,000.

Invesco NASDAQ 100 ETF Stock Up 0.1 %

QQQM stock opened at $204.48 on Monday. The firm has a market cap of $34.85 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $157.44 and a twelve month high of $212.19. The business’s fifty day simple moving average is $201.39 and its two-hundred day simple moving average is $195.42.

Invesco NASDAQ 100 ETF Cuts Dividend

The business 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 yield of 0.59%.

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.