Larson Financial Group LLC Buys 275 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Larson Financial Group LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,042 shares of the company’s stock after buying an additional 275 shares during the quarter. Larson Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $410,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of QQQM. Mather Group LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $39,000. Portside Wealth Group LLC bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $351,000. GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $36,000. Sequoia Financial Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after acquiring an additional 74 shares during the period. Finally, Creative Planning raised its stake in shares of Invesco NASDAQ 100 ETF by 11.6% during the third quarter. Creative Planning now owns 20,672 shares of the company’s stock valued at $4,152,000 after acquiring an additional 2,149 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.5 %

Shares of NASDAQ:QQQM opened at $209.63 on Wednesday. The business’s 50 day moving average is $203.51 and its 200 day moving average is $196.78. The stock has a market cap of $35.72 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $157.44 and a 52-week high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Monday, September 23rd.

About Invesco NASDAQ 100 ETF

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.