KWB Wealth Buys Shares of 1,763 Invesco NASDAQ 100 ETF $QQQM

KWB Wealth bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,763 shares of the company’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Seneca House Advisors boosted its holdings in Invesco NASDAQ 100 ETF by 5.2% in the first quarter. Seneca House Advisors now owns 1,188 shares of the company’s stock valued at $229,000 after purchasing an additional 59 shares in the last quarter. Opulen Financial Group LLC lifted its position in Invesco NASDAQ 100 ETF by 1.3% in the first quarter. Opulen Financial Group LLC now owns 4,777 shares of the company’s stock valued at $922,000 after purchasing an additional 59 shares during the period. Compass Advisory Group LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 1.3% in the first 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 lifted its position in shares of Invesco NASDAQ 100 ETF by 2.0% during the 1st quarter. Robertson Stephens Wealth Management LLC now owns 3,168 shares of the company’s stock valued at $611,000 after acquiring an additional 61 shares during the period. Finally, Purus Wealth Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 0.4% during the 1st quarter. Purus Wealth Management LLC now owns 13,618 shares of the company’s stock worth $2,629,000 after acquiring an additional 61 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.4%

NASDAQ:QQQM opened at $245.37 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $248.17. The stock has a fifty day simple moving average of $237.14 and a 200-day simple moving average of $217.30. The company has a market capitalization of $58.83 billion, a PE ratio of 31.95 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.