626 Financial LLC Acquires Shares of 16,579 Invesco NASDAQ 100 ETF $QQQM

626 Financial LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 16,579 shares of the company’s stock, valued at approximately $3,940,000. Invesco NASDAQ 100 ETF comprises approximately 1.8% of 626 Financial LLC’s portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. Imprint Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. SJS Investment Consulting Inc. bought a new stake in Invesco NASDAQ 100 ETF during the 1st quarter worth about $40,000. Osbon Capital Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $41,000. Finally, Bank & Trust Co bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $46,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $298.05 on Tuesday. The stock has a market cap of $89.47 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a one year low of $224.19 and a one year high of $308.21. The company has a fifty day moving average price of $290.91 and a two-hundred day moving average price of $264.98.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 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.