Beam Wealth Advisors Inc. Buys New Position in Invesco NASDAQ 100 ETF $QQQM

Beam Wealth Advisors Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,017 shares of the company’s stock, valued at approximately $2,618,000.

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

Invesco NASDAQ 100 ETF Trading Up 0.2%

Shares of Invesco NASDAQ 100 ETF stock opened at $292.87 on Thursday. The business has a 50-day moving average price of $294.66 and a two-hundred day moving average price of $267.10. Invesco NASDAQ 100 ETF has a 1-year low of $227.00 and a 1-year high of $308.21. The company has a market cap of $97.99 billion, a P/E ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.