Fulcrum Equity Management Boosts Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Fulcrum Equity Management lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.3% during the third quarter, Holdings Channel reports. The fund owned 1,737 shares of the company’s stock after purchasing an additional 56 shares during the quarter. Fulcrum Equity Management’s holdings in Invesco NASDAQ 100 ETF were worth $349,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. CarsonAllaria Wealth Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $29,000. Legacy Investment Solutions LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth $31,000. Triad Wealth Partners LLC acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $30,000. Finally, Rothschild Investment LLC acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at $36,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock opened at $218.13 on Thursday. The firm has a market cap of $37.17 billion, a P/E ratio of 34.39 and a beta of 1.18. The firm has a fifty day moving average of $206.62 and a two-hundred day moving average of $198.78. Invesco NASDAQ 100 ETF has a 1-year low of $162.30 and a 1-year high of $218.40.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend 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.