Canvas Wealth Advisors LLC Buys New Shares in Invesco NASDAQ 100 ETF $QQQM

Canvas Wealth Advisors LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,053 shares of the company’s stock, valued at approximately $488,000.

A number of other hedge funds have also modified their holdings of the company. Nicholas Wealth LLC. purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $1,164,000. Bank of New York Mellon Corp grew its position in shares of Invesco NASDAQ 100 ETF by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after acquiring an additional 62,705 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 34.7% in the 4th quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock valued at $21,683,000 after purchasing an additional 22,077 shares in the last quarter. EdgeRock Capital LLC raised its holdings in Invesco NASDAQ 100 ETF by 2.5% in the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after purchasing an additional 3,809 shares during the period. Finally, Galvin Gaustad & Stein LLC raised its holdings in Invesco NASDAQ 100 ETF by 1,046.7% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after purchasing an additional 46,409 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 1.0%

Shares of QQQM opened at $294.47 on Tuesday. Invesco NASDAQ 100 ETF has a 12 month low of $226.88 and a 12 month high of $308.21. The stock’s 50 day moving average is $293.90 and its two-hundred day moving average is $266.49. The firm has a market cap of $98.39 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.