Invesco NASDAQ 100 ETF $QQQM Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 517.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137 shares of the company’s stock after acquiring an additional 953 shares during the quarter. GAMMA Investing LLC’s holdings in Invesco NASDAQ 100 ETF were worth $258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Seneca House Advisors grew its stake in Invesco NASDAQ 100 ETF by 5.2% during the 1st quarter. Seneca House Advisors now owns 1,188 shares of the company’s stock valued at $229,000 after acquiring an additional 59 shares in the last quarter. Opulen Financial Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the 1st quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after buying an additional 59 shares in the last quarter. Compass Advisory Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the 1st quarter. Compass Advisory Group LLC now owns 4,800 shares of the company’s stock valued at $927,000 after buying an additional 60 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 2.0% in the 1st quarter. Robertson Stephens Wealth Management LLC now owns 3,168 shares of the company’s stock valued at $611,000 after buying an additional 61 shares in the last quarter. Finally, Purus Wealth Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 0.4% in the 1st quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock valued at $2,629,000 after buying an additional 61 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $245.37 on Friday. The stock has a market cap of $58.83 billion, a price-to-earnings ratio of 31.95 and a beta of 1.18. The business has a 50 day simple moving average of $237.14 and a 200 day simple moving average of $217.30. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $248.17.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 annualized dividend and a dividend yield of 0.5%.

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.