Balance Wealth LLC Buys New Holdings in Invesco NASDAQ 100 ETF $QQQM

Balance Wealth LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 1st quarter, Holdings Channel.com reports. The fund purchased 20,025 shares of the company’s stock, valued at approximately $4,758,000. Invesco NASDAQ 100 ETF comprises about 1.5% of Balance Wealth LLC’s portfolio, making the stock its 16th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Garner Asset Management Corp acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $25,000. Imprint Wealth LLC acquired a new position in Invesco NASDAQ 100 ETF during the third quarter valued at approximately $31,000. Osbon Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $41,000. Bank & Trust Co purchased a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $46,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $50,000.

Invesco NASDAQ 100 ETF Trading Up 0.8%

Shares of QQQM stock opened at $294.88 on Friday. The company’s fifty day simple moving average is $289.66 and its 200-day simple moving average is $264.45. Invesco NASDAQ 100 ETF has a 52 week low of $222.90 and a 52 week high of $308.21. The company has a market cap of $88.52 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be issued a $0.3522 dividend. This represents a $1.41 annualized dividend and a yield of 0.5%. The ex-dividend date is 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.