Sanctuary Advisors LLC Purchases New Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Sanctuary Advisors LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 92,505 shares of the company’s stock, valued at approximately $18,234,000. Sanctuary Advisors LLC owned approximately 0.06% of Invesco NASDAQ 100 ETF at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of QQQM. 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 worth $3,948,000 after buying an additional 4,530 shares during the period. Mather Group LLC. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at $39,000. Quantbot Technologies LP acquired a new stake in Invesco NASDAQ 100 ETF in the first quarter worth about $265,000. Gerber LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth approximately $1,197,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter worth $204,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $198.36 on Thursday. The firm has a market capitalization of $30.84 billion, a PE ratio of 34.39 and a beta of 1.18. The company’s fifty day moving average price is $192.86 and its 200-day moving average price is $189.73. 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

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend was Monday, September 23rd.

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.