Geneos Wealth Management Inc. Has $3.81 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Geneos Wealth Management Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 465.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,757 shares of the company’s stock after acquiring an additional 13,795 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sand Hill Global Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 4.3% during the second quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock worth $263,000 after purchasing an additional 48 shares during the period. Freedom Financial Partners LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.6% during the 2nd quarter. Freedom Financial Partners LLC now owns 2,005 shares of the company’s stock valued at $455,000 after buying an additional 50 shares during the period. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 30.7% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 217 shares of the company’s stock valued at $49,000 after acquiring an additional 51 shares in the last quarter. Uptick Partners LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 1.4% during the 2nd quarter. Uptick Partners LLC now owns 3,869 shares of the company’s stock valued at $879,000 after acquiring an additional 52 shares in the last quarter. Finally, Aldebaran Financial Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 1.5% in the second quarter. Aldebaran Financial Inc. now owns 3,944 shares of the company’s stock worth $896,000 after acquiring an additional 58 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.5%

Shares of NASDAQ:QQQM opened at $251.36 on Tuesday. 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 1 year low of $165.72 and a 1 year high of $262.23. The business has a fifty day simple moving average of $252.65 and a 200 day simple moving average of $239.45.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a $0.3025 dividend. The ex-dividend date was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a 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.