Arkansas Financial Group Inc. Boosts Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arkansas Financial Group Inc. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,199 shares of the company’s stock after purchasing an additional 1,244 shares during the period. Arkansas Financial Group Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $1,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 1,650.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after acquiring an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after purchasing an additional 3,978,954 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Invesco NASDAQ 100 ETF by 536.4% in the first quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock valued at $190,673,000 after acquiring an additional 879,707 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $87,237,000. Finally, Hollencrest Capital Management boosted its position in Invesco NASDAQ 100 ETF by 1,241.6% during the first quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock worth $75,696,000 after acquiring an additional 383,458 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM traded up $2.36 during trading hours on Friday, hitting $200.56. 1,668,660 shares of the company’s stock were exchanged, compared to its average volume of 1,855,991. The firm has a market capitalization of $33.79 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The business’s 50 day moving average is $193.26 and its 200-day moving average is $189.93.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a 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.