Gateway Wealth Partners LLC Purchases Shares of 5,209 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by MarketBeat News on Sep 30th, 2024

Gateway Wealth Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,209 shares of the company’s stock, valued at approximately $1,027,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $27,000. M&R Capital Management Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $28,000. Triad Wealth Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $30,000. Creekmur Asset Management LLC bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at $32,000. Finally, GAMMA Investing LLC bought a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $36,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $200.32 on Monday. The business has a fifty day simple moving average of $192.66 and a 200 day simple moving average of $189.33. The company has a market capitalization of $31.15 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $140.84 and a 1 year high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

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The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid 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 0.60%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.