CRA Financial Services LLC Has $327,000 Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

CRA Financial Services LLC grew its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,790 shares of the company’s stock after buying an additional 415 shares during the period. CRA Financial Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $327,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Monumental Financial Group Inc. lifted its position in Invesco NASDAQ 100 ETF by 7.0% in the 1st quarter. Monumental Financial Group Inc. now owns 60,625 shares of the company’s stock valued at $11,076,000 after acquiring an additional 3,990 shares in the last quarter. Silverleafe Capital Partners LLC lifted its position in Invesco NASDAQ 100 ETF by 7.3% in the 1st quarter. Silverleafe Capital Partners LLC now owns 1,280 shares of the company’s stock valued at $234,000 after acquiring an additional 87 shares in the last quarter. Calton & Associates Inc. bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $251,000. Howard Financial Services LTD. bought a new stake in Invesco NASDAQ 100 ETF in the 1st quarter valued at $224,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Invesco NASDAQ 100 ETF by 6.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,428,387 shares of the company’s stock valued at $260,952,000 after acquiring an additional 80,230 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM traded down $1.08 on Friday, hitting $197.11. 2,099,436 shares of the company’s stock were exchanged, compared to its average volume of 1,729,646. The firm has a 50-day moving average price of $187.18 and a 200-day moving average price of $179.66. Invesco NASDAQ 100 ETF has a 52 week low of $140.84 and a 52 week high of $200.47. The company has a market cap of $25.56 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were given a dividend of $0.3199 per share. The ex-dividend date of this dividend 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.