BKM Wealth Management LLC Acquires 2,348 Shares of Invesco NASDAQ 100 ETF $QQQM

BKM Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,024 shares of the company’s stock after purchasing an additional 2,348 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.4% of BKM Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. BKM Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,808,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $25,000. Imprint Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $31,000. Osbon Capital Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $41,000. Bank & Trust Co bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $46,000. Finally, Monetary Solutions Ltd acquired a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $50,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $290.95 on Friday. The business’s 50 day simple moving average is $290.23 and its 200 day simple moving average is $264.64. Invesco NASDAQ 100 ETF has a one year low of $224.15 and a one year high of $308.21. The stock has a market capitalization of $87.34 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a $0.3522 dividend. The ex-dividend date was Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%.

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.