NewEdge Advisors LLC Has $19.96 Million Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

NewEdge Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,282 shares of the company’s stock after purchasing an additional 30,419 shares during the quarter. NewEdge Advisors LLC owned 0.07% of Invesco NASDAQ 100 ETF worth $19,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in 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 valued at $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings 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. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 19.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,714,506 shares of the company’s stock worth $337,951,000 after acquiring an additional 283,257 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock worth $260,952,000 after acquiring an additional 80,230 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 6.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,418,246 shares of the company’s stock worth $279,551,000 after acquiring an additional 83,702 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $200.32 on Monday. The company has a market capitalization of $31.15 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The business’s 50 day simple moving average is $192.66 and its 200-day simple moving average is $189.33.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.60%. 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.