3,340 Shares in Invesco NASDAQ 100 ETF $QQQM Bought by Diversified Management Inc.

Diversified Management Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 3,340 shares of the company’s stock, valued at approximately $1,012,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in QQQM. Garner Asset Management Corp bought a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. Imprint Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. SJS Investment Consulting Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at about $40,000. Osbon Capital Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $41,000. Finally, Versant Capital Management Inc purchased a new position in shares of Invesco NASDAQ 100 ETF during the second quarter worth about $41,000.

Invesco NASDAQ 100 ETF Trading Down 0.3%

QQQM stock opened at $295.83 on Wednesday. The company’s 50 day moving average is $293.62 and its 200 day moving average is $272.93. The stock has a market cap of $101.55 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

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

Invesco NASDAQ 100 ETF Company 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.