Invesco NASDAQ 100 ETF $QQQM is Whelan Financial’s 2nd Largest Position

Whelan Financial raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,128 shares of the company’s stock after buying an additional 2,327 shares during the quarter. Invesco NASDAQ 100 ETF comprises 15.7% of Whelan Financial’s portfolio, making the stock its 2nd largest position. Whelan Financial owned approximately 0.07% of Invesco NASDAQ 100 ETF worth $50,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bestgate Wealth Advisors LLC boosted its stake in Invesco NASDAQ 100 ETF by 9.3% in the first quarter. Bestgate Wealth Advisors LLC now owns 13,751 shares of the company’s stock valued at $3,268,000 after acquiring an additional 1,173 shares during the period. Wealth Care LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the first quarter worth about $284,000. Flagship Private Wealth LLC grew its position in shares of Invesco NASDAQ 100 ETF by 3.9% during the first quarter. Flagship Private Wealth LLC now owns 11,841 shares of the company’s stock worth $2,814,000 after acquiring an additional 445 shares during the last quarter. Prism Advisors Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 5.4% in the 1st quarter. Prism Advisors Inc. now owns 24,336 shares of the company’s stock worth $5,783,000 after acquiring an additional 1,257 shares during the period. Finally, SMART Wealth LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 17.4% in the 1st quarter. SMART Wealth LLC now owns 1,682 shares of the company’s stock worth $400,000 after acquiring an additional 249 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.4%

Invesco NASDAQ 100 ETF stock opened at $298.61 on Thursday. The firm has a 50-day moving average price of $292.28 and a two-hundred day moving average price of $265.58. The firm has a market capitalization of $99.90 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $224.80 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend 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.