Rainier Family Wealth Inc. Acquires New Shares in Invesco NASDAQ 100 ETF $QQQM

Rainier Family Wealth Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,826 shares of the company’s stock, valued at approximately $2,572,000. Invesco NASDAQ 100 ETF makes up about 1.7% of Rainier Family Wealth Inc.’s investment portfolio, making the stock its 18th largest position.

Several other large investors have also added to or reduced their stakes in the stock. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $393,000. Capstone Wealth Management Group LLC increased its holdings in Invesco NASDAQ 100 ETF by 9.6% during the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after acquiring an additional 3,220 shares during the period. 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 worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC bought a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $534,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $303.90 on Tuesday. The firm has a market capitalization of $91.22 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a one year low of $215.55 and a one year high of $308.21. The company has a fifty day moving average price of $287.33 and a 200-day moving average price of $263.68.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a dividend of $0.3522 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $1.41 annualized dividend and a yield of 0.5%.

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.