Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Position Lifted by Whelan Financial

Whelan Financial lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.4% in the third quarter, HoldingsChannel reports. The firm owned 239,337 shares of the company’s stock after buying an additional 3,316 shares during the period. Invesco NASDAQ 100 ETF makes up about 19.8% of Whelan Financial’s portfolio, making the stock its biggest holding. Whelan Financial’s holdings in Invesco NASDAQ 100 ETF were worth $48,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth $39,000. Quantbot Technologies LP purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $265,000. Sequoia Financial Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $204,000. Portside Wealth Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the second quarter valued at about $351,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $36,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock traded down $4.68 during trading hours on Thursday, hitting $199.63. The company had a trading volume of 857,714 shares, compared to its average volume of 1,824,889. The stock has a market capitalization of $34.20 billion, a PE ratio of 34.39 and a beta of 1.18. The company’s fifty day moving average is $198.16 and its 200 day moving average is $192.62. Invesco NASDAQ 100 ETF has a fifty-two week low of $142.62 and a fifty-two week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, September 23rd.

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.