Boyum Wealth Architects LLC Has $5.64 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Boyum Wealth Architects LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,813 shares of the company’s stock after acquiring an additional 2,523 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 3.5% of Boyum Wealth Architects LLC’s investment portfolio, making the stock its 8th biggest holding. Boyum Wealth Architects LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,638,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bank of New Hampshire increased its position in shares of Invesco NASDAQ 100 ETF by 19.5% during the 3rd quarter. Bank of New Hampshire now owns 12,533 shares of the company’s stock valued at $3,097,000 after purchasing an additional 2,048 shares during the period. Corient Private Wealth LLC boosted its stake in Invesco NASDAQ 100 ETF by 104.6% during the second quarter. Corient Private Wealth LLC now owns 13,539 shares of the company’s stock valued at $3,075,000 after buying an additional 6,921 shares in the last quarter. National Wealth Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 6.5% during the second quarter. National Wealth Management Group LLC now owns 25,275 shares of the company’s stock worth $5,740,000 after acquiring an additional 1,535 shares during the period. Milestones Private Investment Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the second quarter worth about $5,083,000. Finally, Silicon Valley Capital Partners raised its position in Invesco NASDAQ 100 ETF by 133.0% in the second quarter. Silicon Valley Capital Partners now owns 233 shares of the company’s stock worth $53,000 after acquiring an additional 133 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.5%

NASDAQ:QQQM opened at $251.36 on Tuesday. The company has a 50-day moving average of $252.65 and a 200-day moving average of $239.45. The firm has a market cap of $65.83 billion, a price-to-earnings 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 firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued 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 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.