Cutter & CO Brokerage Inc. Raises Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Cutter & CO Brokerage Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,164 shares of the company’s stock after buying an additional 64 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQM. CarsonAllaria Wealth Management Ltd. acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter valued at approximately $27,000. M&R Capital Management Inc. purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth $28,000. Triad Wealth Partners LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $30,000. Creekmur Asset Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $32,000. Finally, GAMMA Investing LLC acquired a new stake in Invesco NASDAQ 100 ETF in the second quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Up 1.2 %

Shares of Invesco NASDAQ 100 ETF stock traded up $2.37 during midday trading on Friday, hitting $196.08. The company had a trading volume of 1,715,878 shares, compared to its average volume of 1,806,478. The company has a fifty day simple moving average of $195.14 and a 200 day simple moving average of $187.27. The stock has a market cap of $30.49 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were paid a dividend of $0.3199 per share. The ex-dividend date was Monday, June 24th. This represents a $1.28 annualized dividend and a yield of 0.65%.

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.