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

Highline Wealth Partners LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,422 shares of the company’s stock, valued at approximately $3,097,000. Invesco NASDAQ 100 ETF accounts for 1.0% of Highline Wealth Partners LLC’s holdings, making the stock its 26th biggest position.

A number of other large investors also recently bought and sold shares of QQQM. Cornerstone Wealth Management LLC grew its stake in Invesco NASDAQ 100 ETF by 14.6% in the 1st quarter. Cornerstone Wealth Management LLC now owns 27,072 shares of the company’s stock worth $4,946,000 after acquiring an additional 3,452 shares in the last quarter. Kaye Capital Management increased its holdings in Invesco NASDAQ 100 ETF by 35.0% during the 1st quarter. Kaye Capital Management now owns 16,217 shares of the company’s stock worth $2,963,000 after purchasing an additional 4,201 shares during the period. Marshall Financial Group LLC raised its position in Invesco NASDAQ 100 ETF by 38.3% during the 1st quarter. Marshall Financial Group LLC now owns 3,988 shares of the company’s stock valued at $729,000 after purchasing an additional 1,104 shares in the last quarter. Teamwork Financial Advisors LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 19.9% in the 1st quarter. Teamwork Financial Advisors LLC now owns 26,704 shares of the company’s stock worth $4,879,000 after buying an additional 4,441 shares during the period. Finally, Strategic Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth $1,036,000.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $205.34 on Wednesday. Invesco NASDAQ 100 ETF has a 1-year low of $142.62 and a 1-year high of $207.24. The company has a 50-day moving average of $198.04 and a 200 day moving average of $192.54. The firm has a market cap of $35.18 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Monday, September 23rd.

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.