Beacon Financial Advisory LLC Raises Stake in Invesco NASDAQ 100 ETF $QQQM

Beacon Financial Advisory LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 176.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,655 shares of the company’s stock after purchasing an additional 2,331 shares during the quarter. Beacon Financial Advisory LLC’s holdings in Invesco NASDAQ 100 ETF were worth $868,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Invesco NASDAQ 100 ETF by 4.2% in the fourth quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock valued at $2,947,440,000 after purchasing an additional 468,626 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Invesco NASDAQ 100 ETF by 1.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,664,198 shares of the company’s stock worth $926,749,000 after buying an additional 65,487 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after buying an additional 3,005,140 shares during the period. Raymond James Financial Inc. increased its holdings in Invesco NASDAQ 100 ETF by 11.9% in the fourth quarter. Raymond James Financial Inc. now owns 2,936,996 shares of the company’s stock valued at $742,825,000 after buying an additional 313,262 shares in the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives increased its holdings in Invesco NASDAQ 100 ETF by 5.1% in the fourth quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,634,000 shares of the company’s stock valued at $666,191,000 after buying an additional 129,000 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $293.42 on Friday. The firm has a 50 day moving average of $293.32 and a 200-day moving average of $266.06. Invesco NASDAQ 100 ETF has a 12-month low of $226.25 and a 12-month high of $308.21. The company has a market cap of $98.16 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.