O Brien Wealth Partners LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

O Brien Wealth Partners LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,200 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in Invesco NASDAQ 100 ETF by 10.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,507 shares of the company’s stock worth $370,000 after buying an additional 237 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $323,000. Truist Financial Corp raised its holdings in Invesco NASDAQ 100 ETF by 4.1% in the 3rd quarter. Truist Financial Corp now owns 105,614 shares of the company’s stock valued at $15,569,000 after acquiring an additional 4,161 shares during the period. Ameriprise Financial Inc. raised its holdings in Invesco NASDAQ 100 ETF by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,156,544 shares of the company’s stock valued at $170,669,000 after acquiring an additional 94,790 shares during the period. Finally, KPP Advisory Services LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $3,450,000.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock traded up $1.19 during trading hours on Monday, hitting $198.30. The company had a trading volume of 1,116,224 shares, compared to its average volume of 1,724,742. The firm has a 50-day moving average of $187.18 and a 200 day moving average of $179.75. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $200.47. The firm has a market cap of $25.72 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were given a dividend of $0.3199 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 annualized dividend and a dividend yield of 0.65%.

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.