4,153 Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Bought by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, HoldingsChannel.com reports. The firm bought 4,153 shares of the company’s stock, valued at approximately $834,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CarsonAllaria Wealth Management Ltd. acquired a new position in Invesco NASDAQ 100 ETF in the 2nd quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV bought a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $29,000. Triad Wealth Partners LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $30,000. GAMMA Investing LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000. Finally, Rothschild Investment LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $36,000.

Invesco NASDAQ 100 ETF Stock Down 0.1 %

QQQM stock opened at $211.50 on Tuesday. The firm has a market cap of $36.04 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The company’s fifty day simple moving average is $199.76 and its 200 day simple moving average is $194.49. Invesco NASDAQ 100 ETF has a 12-month low of $154.41 and a 12-month high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 0.57%.

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.