Sequoia Financial Advisors LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Sequoia Financial Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 49.3% during the first quarter, Holdings Channel.com reports. The fund owned 5,796 shares of the company’s stock after purchasing an additional 1,914 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC lifted its stake in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after buying an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after buying an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth about $742,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $534,000.

Invesco NASDAQ 100 ETF Trading Down 1.7%

NASDAQ:QQQM opened at $290.68 on Friday. Invesco NASDAQ 100 ETF has a 12 month low of $227.00 and a 12 month high of $308.21. The stock has a 50 day moving average of $296.69 and a two-hundred day moving average of $268.77. The firm has a market cap of $97.89 billion, a P/E ratio of 31.95 and a beta of 1.22.

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 paid a $0.3522 dividend. The ex-dividend date of this dividend 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.