Geneos Wealth Management Inc. Acquires 13,795 Shares of Invesco NASDAQ 100 ETF $QQQM

Geneos Wealth Management Inc. lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 465.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,757 shares of the company’s stock after acquiring an additional 13,795 shares during the period. Geneos Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $3,805,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQM. Pflug Koory LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 2nd quarter worth $32,000. PrairieView Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 400.0% in the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after purchasing an additional 132 shares during the period. ROSS JOHNSON & Associates LLC bought a new stake in Invesco NASDAQ 100 ETF in the first quarter valued at $42,000. Rosenberg Matthew Hamilton bought a new stake in shares of Invesco NASDAQ 100 ETF in the 2nd quarter worth about $43,000. Finally, AlphaCore Capital LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 850.0% during the second quarter. AlphaCore Capital LLC now owns 190 shares of the company’s stock worth $43,000 after buying an additional 170 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.5%

Invesco NASDAQ 100 ETF stock opened at $251.36 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $262.23. The stock has a 50-day simple moving average of $252.65 and a 200 day simple moving average of $239.45. The stock has a market capitalization 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 business also recently declared 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 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.