J.W. Cole Advisors Inc. Increases Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

by · The Cerbat Gem

J.W. Cole Advisors Inc. lifted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 24.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,591 shares of the company’s stock after buying an additional 2,508 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,529,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in Invesco NASDAQ 100 ETF by 1,650.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after purchasing an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 10,544.5% in the second 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. National Mutual Insurance Federation of Agricultural Cooperatives grew its holdings in shares of Invesco NASDAQ 100 ETF by 260.2% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after purchasing an additional 1,712,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in 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 buying an additional 283,257 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco NASDAQ 100 ETF by 3.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,457,528 shares of the company’s stock valued at $292,744,000 after buying an additional 45,946 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $203.85 on Monday. The stock has a market cap of $34.93 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The firm has a 50-day moving average of $197.76 and a two-hundred day moving average of $192.13. 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 declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.

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