Modera Wealth Management LLC Acquires 894 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Modera Wealth Management LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,904 shares of the company’s stock after acquiring an additional 894 shares during the period. Modera Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,186,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. PFG Investments LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 25.1% in the 3rd quarter. PFG Investments LLC now owns 1,782 shares of the company’s stock valued at $358,000 after purchasing an additional 357 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Invesco NASDAQ 100 ETF by 3.3% during the third 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. Arkadios Wealth Advisors acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $208,000. Masso Torrence Wealth Management Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 26.5% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,287 shares of the company’s stock worth $259,000 after acquiring an additional 270 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $304,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $203.91 on Tuesday. The stock’s 50 day simple moving average is $197.76 and its 200 day simple moving average is $192.21. Invesco NASDAQ 100 ETF has a twelve month low of $142.55 and a twelve month high of $207.24. The company has a market capitalization of $34.94 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, September 23rd.

Invesco NASDAQ 100 ETF 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.