Procyon Advisors LLC Takes Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Procyon Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,300 shares of the company’s stock, valued at approximately $462,000.

A number of other large investors have also made changes to their positions in QQQM. Envestnet Asset Management Inc. increased its holdings 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 valued at $1,529,744,000 after purchasing an additional 7,317,531 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in 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 valued at $7,917,000 after acquiring an additional 3,978,954 shares during the last quarter. Cetera Investment Advisers grew its stake in Invesco NASDAQ 100 ETF by 536.4% in the 1st 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 during the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $87,237,000. Finally, Hollencrest Capital Management grew its stake in Invesco NASDAQ 100 ETF by 1,241.6% in the 1st quarter. Hollencrest Capital Management now owns 414,341 shares of the company’s stock valued at $75,696,000 after acquiring an additional 383,458 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.3 %

Shares of NASDAQ QQQM opened at $202.02 on Wednesday. The stock has a market cap of $34.19 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $207.24. The company’s 50-day moving average price is $195.42 and its 200 day moving average price is $191.00.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.59%.

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.