GK Wealth Management LLC Makes New $3.77 Million Investment in Invesco NASDAQ 100 ETF $QQQM

GK Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,440 shares of the company’s stock, valued at approximately $3,769,000. Invesco NASDAQ 100 ETF accounts for approximately 2.0% of GK Wealth Management LLC’s portfolio, making the stock its 11th biggest position.

A number of other hedge funds also recently modified their holdings of the business. Ridgeline Wealth Planning LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 4.4% in the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock worth $211,000 after purchasing an additional 37 shares during the last quarter. Archer Investment Corp raised its position in Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after purchasing an additional 44 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 3.4% during the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after buying an additional 44 shares during the period. Glen Eagle Advisors LLC lifted its holdings in Invesco NASDAQ 100 ETF by 28.8% during the 1st quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock worth $48,000 after buying an additional 45 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Invesco NASDAQ 100 ETF by 7.3% in the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock valued at $162,000 after buying an additional 46 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 3.4%

NASDAQ QQQM opened at $298.03 on Wednesday. The firm has a market capitalization of $102.30 billion, a PE ratio of 31.95 and a beta of 1.23. The business’s 50-day moving average price is $294.40 and its two-hundred day moving average price is $271.46. Invesco NASDAQ 100 ETF has a 12 month low of $228.75 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

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