Boyum Wealth Architects LLC Buys 2,523 Shares of Invesco NASDAQ 100 ETF $QQQM

Boyum Wealth Architects LLC lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 12.4% in the third quarter, HoldingsChannel reports. The firm owned 22,813 shares of the company’s stock after purchasing an additional 2,523 shares during the period. Invesco NASDAQ 100 ETF accounts for 3.5% of Boyum Wealth Architects LLC’s holdings, making the stock its 8th biggest position. Boyum Wealth Architects LLC’s holdings in Invesco NASDAQ 100 ETF were worth $5,638,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New Hampshire lifted its stake in Invesco NASDAQ 100 ETF by 19.5% during the third quarter. Bank of New Hampshire now owns 12,533 shares of the company’s stock valued at $3,097,000 after buying an additional 2,048 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Invesco NASDAQ 100 ETF by 104.6% in the second quarter. Corient Private Wealth LLC now owns 13,539 shares of the company’s stock worth $3,075,000 after acquiring an additional 6,921 shares in the last quarter. National Wealth Management Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.5% during the second quarter. National Wealth Management Group LLC now owns 25,275 shares of the company’s stock valued at $5,740,000 after acquiring an additional 1,535 shares during the period. Milestones Private Investment Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $5,083,000. Finally, Silicon Valley Capital Partners lifted its position in shares of Invesco NASDAQ 100 ETF by 133.0% in the 2nd quarter. Silicon Valley Capital Partners now owns 233 shares of the company’s stock valued at $53,000 after acquiring an additional 133 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $251.36 on Tuesday. The firm’s 50 day moving average price is $252.65 and its two-hundred day moving average price is $239.45. Invesco NASDAQ 100 ETF has a twelve month low of $165.72 and a twelve month high of $262.23. The stock has a market cap of $65.83 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.