Avestar Capital LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Avestar Capital LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 30,338 shares of the company’s stock, valued at approximately $6,890,000.

Several other large investors also recently modified their holdings of QQQM. Pflug Koory LLC purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at about $32,000. PrairieView Partners LLC increased its holdings in Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter. ROSS JOHNSON & Associates LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at approximately $42,000. Rosenberg Matthew Hamilton acquired a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $43,000. Finally, AlphaCore Capital LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 850.0% during the 2nd quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock valued at $43,000 after buying an additional 170 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.4%

QQQM stock opened at $257.53 on Friday. The firm has a 50 day simple moving average of $251.76 and a 200-day simple moving average of $237.27. The company has a market capitalization of $67.45 billion, a P/E ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed 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 of this dividend was Monday, September 22nd.

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.