Arete Wealth Advisors LLC Buys 3,908 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arete Wealth Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 98.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,875 shares of the company’s stock after buying an additional 3,908 shares during the period. Arete Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,573,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in Invesco NASDAQ 100 ETF by 1,650.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock valued at $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its position in Invesco NASDAQ 100 ETF by 13.9% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after buying an additional 754,700 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives increased its stake in shares of Invesco NASDAQ 100 ETF by 260.2% in the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after acquiring an additional 1,712,000 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Invesco NASDAQ 100 ETF by 19.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock valued at $337,951,000 after acquiring an additional 283,257 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $218.13 on Thursday. Invesco NASDAQ 100 ETF has a fifty-two week low of $162.30 and a fifty-two week high of $218.40. The firm’s 50-day simple moving average is $206.62 and its two-hundred day simple moving average is $198.78. The stock has a market cap of $37.17 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Monday, September 23rd.

Invesco NASDAQ 100 ETF 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.