KPP Advisory Services LLC Grows Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

KPP Advisory Services LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,723 shares of the company’s stock after acquiring an additional 5,574 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 1.7% of KPP Advisory Services LLC’s investment portfolio, making the stock its 14th biggest position. KPP Advisory Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,253,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. ICA Group Wealth Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 24.0% during the fourth quarter. ICA Group Wealth Management LLC now owns 23,424 shares of the company’s stock valued at $3,948,000 after purchasing an additional 4,530 shares in the last quarter. Mather Group LLC. acquired a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at $39,000. Quantbot Technologies LP purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter valued at $265,000. Gerber LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth $1,197,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth $204,000.

Invesco NASDAQ 100 ETF Trading Up 0.3 %

NASDAQ:QQQM opened at $200.85 on Tuesday. The company has a market cap of $31.23 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The company’s 50-day moving average price is $192.71 and its 200-day moving average price is $189.53.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Monday, September 23rd.

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.