BKM Wealth Management LLC Buys 2,348 Shares of Invesco NASDAQ 100 ETF $QQQM

BKM Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,024 shares of the company’s stock after buying an additional 2,348 shares during the period. Invesco NASDAQ 100 ETF accounts for 1.4% of BKM Wealth Management LLC’s holdings, making the stock its 19th largest holding. BKM Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Avaii Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.8% in the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock valued at $370,000 after acquiring an additional 40 shares during the last quarter. Archer Investment Corp grew its position in Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after acquiring an additional 44 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in Invesco NASDAQ 100 ETF by 3.4% in the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after purchasing an additional 44 shares in the last quarter. Blue Trust Inc. increased its holdings in Invesco NASDAQ 100 ETF by 7.3% in the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after purchasing an additional 46 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. raised its position in Invesco NASDAQ 100 ETF by 4.6% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after purchasing an additional 47 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 1.3%

Shares of QQQM stock opened at $290.95 on Friday. The business’s 50-day moving average price is $290.23 and its 200-day moving average price is $264.64. Invesco NASDAQ 100 ETF has a 12 month low of $224.15 and a 12 month high of $308.21. The firm has a market capitalization of $87.34 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

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