Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Purchased by Monumental Financial Group Inc.

Monumental Financial Group Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,323 shares of the company’s stock after purchasing an additional 984 shares during the quarter. Invesco NASDAQ 100 ETF comprises 4.8% of Monumental Financial Group Inc.’s portfolio, making the stock its 9th largest holding. Monumental Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $12,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 1,650.6% during the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after buying an additional 7,317,531 shares during the last quarter. Strategic Financial Concepts LLC boosted its holdings in 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 valued at $7,917,000 after purchasing an additional 3,978,954 shares during the period. Cetera Investment Advisers boosted its holdings in Invesco NASDAQ 100 ETF by 536.4% in the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after purchasing an additional 879,707 shares during the period. Yelin Lapidot Holdings Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth $87,237,000. Finally, Hollencrest Capital Management increased its holdings in shares of Invesco NASDAQ 100 ETF by 1,241.6% during the 1st quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock worth $75,696,000 after purchasing an additional 383,458 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $203.89 on Tuesday. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The stock has a market cap of $34.77 billion, a PE ratio of 34.39 and a beta of 1.18. The firm has a 50-day simple moving average of $196.96 and a 200 day simple moving average of $191.60.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.