Alteri Wealth LLC Has $562,000 Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Alteri Wealth LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 18.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,474 shares of the company’s stock after acquiring an additional 379 shares during the period. Alteri Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQM. Envestnet Asset Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 7,601,275 shares of the company’s stock worth $1,726,216,000 after purchasing an additional 152,512 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco NASDAQ 100 ETF by 14.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,933,060 shares of the company’s stock valued at $566,139,000 after buying an additional 368,544 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco NASDAQ 100 ETF by 23.7% in the first quarter. Raymond James Financial Inc. now owns 2,201,585 shares of the company’s stock worth $424,950,000 after buying an additional 421,792 shares during the last quarter. Meitav Investment House Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 4.6% in the second quarter. Meitav Investment House Ltd. now owns 1,853,672 shares of the company’s stock worth $421,211,000 after buying an additional 81,933 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 4.5% during the 1st quarter. Ameriprise Financial Inc. now owns 1,597,517 shares of the company’s stock worth $308,288,000 after acquiring an additional 68,935 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $245.51 on Wednesday. The firm has a market cap of $64.30 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business’s 50-day simple moving average is $249.75 and its 200-day simple moving average is $233.60. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.