Falcon Wealth Planning Makes New $372,000 Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Falcon Wealth Planning bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,851 shares of the company’s stock, valued at approximately $372,000.

Other large investors have also modified their holdings of the company. Cutter & CO Brokerage Inc. lifted its stake in Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after purchasing an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after acquiring an additional 66 shares in the last quarter. Northstar Group Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 5.4% during the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock worth $271,000 after acquiring an additional 69 shares during the period. Zhang Financial LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 2.8% in the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after acquiring an additional 70 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Invesco NASDAQ 100 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after purchasing an additional 74 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.9 %

QQQM traded up $1.78 on Tuesday, hitting $201.80. 362,980 shares of the company were exchanged, compared to its average volume of 1,822,367. The firm has a 50-day moving average price of $198.38 and a two-hundred day moving average price of $193.24. Invesco NASDAQ 100 ETF has a twelve month low of $150.95 and a twelve month high of $207.24. The company has a market cap of $34.39 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.59%.

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.