Clare Market Investments LLC Invests $726,000 in Invesco NASDAQ 100 ETF $QQQM

Clare Market Investments LLC bought a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,055 shares of the company’s stock, valued at approximately $726,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clay Northam Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the first quarter valued at approximately $203,000. Investment Advisory Services Group LLC grew its stake in Invesco NASDAQ 100 ETF by 10.1% during the first quarter. Investment Advisory Services Group LLC now owns 21,911 shares of the company’s stock valued at $5,207,000 after acquiring an additional 2,015 shares in the last quarter. Cabana LLC increased its holdings in Invesco NASDAQ 100 ETF by 3.6% in the 1st quarter. Cabana LLC now owns 8,322 shares of the company’s stock valued at $1,978,000 after acquiring an additional 291 shares during the last quarter. Canvas Wealth Advisors LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 1st quarter worth $488,000. Finally, Whittier Trust Co. lifted its stake in Invesco NASDAQ 100 ETF by 13.5% in the 1st quarter. Whittier Trust Co. now owns 631 shares of the company’s stock worth $153,000 after purchasing an additional 75 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.0%

QQQM opened at $294.54 on Tuesday. The company has a market capitalization of $98.41 billion, a PE ratio of 31.95 and a beta of 1.22. The firm has a 50-day simple moving average of $293.90 and a two-hundred day simple moving average of $266.49. Invesco NASDAQ 100 ETF has a 52 week low of $226.88 and a 52 week high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.