Fulcrum Equity Management Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Fulcrum Equity Management purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,553 shares of the company’s stock, valued at approximately $1,488,000. Invesco NASDAQ 100 ETF comprises about 1.5% of Fulcrum Equity Management’s holdings, making the stock its 13th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BLVD Private Wealth LLC bought a new position in Invesco NASDAQ 100 ETF in the second quarter valued at $919,000. Carter Financial Group INC. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $11,055,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $647,000. Newbridge Financial Services Group Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 92.2% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 446 shares of the company’s stock valued at $101,000 after purchasing an additional 214 shares during the last quarter. Finally, Tyler Stone Wealth Management raised its holdings in shares of Invesco NASDAQ 100 ETF by 27.9% during the 2nd quarter. Tyler Stone Wealth Management now owns 6,521 shares of the company’s stock valued at $1,481,000 after buying an additional 1,423 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM opened at $252.57 on Friday. The company has a market capitalization of $66.15 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50 day moving average of $252.63 and a 200 day moving average of $239.01. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Monday, September 22nd were paid a $0.3025 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $1.21 dividend on an annualized basis and a dividend yield of 0.5%.

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.