Towercrest Capital Management Invests $351,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Towercrest Capital Management bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, HoldingsChannel reports. The firm bought 1,780 shares of the company’s stock, valued at approximately $351,000.

A number of other large investors have also modified their holdings of QQQM. International Assets Investment Management LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $388,000. Aveo Capital Partners LLC increased its stake in Invesco NASDAQ 100 ETF by 63.7% in the 4th quarter. Aveo Capital Partners LLC now owns 80,306 shares of the company’s stock valued at $13,535,000 after purchasing an additional 31,256 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $111,000. Rollins Financial increased its stake in Invesco NASDAQ 100 ETF by 9.8% in the 4th quarter. Rollins Financial now owns 40,425 shares of the company’s stock valued at $6,813,000 after purchasing an additional 3,619 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $2,008,000.

Invesco NASDAQ 100 ETF Stock Down 2.7 %

NASDAQ QQQM traded down $5.08 during mid-day trading on Friday, hitting $184.70. The stock had a trading volume of 2,568,153 shares, compared to its average volume of 1,824,240. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24. The company has a market cap of $28.72 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The company has a 50 day simple moving average of $194.43 and a 200 day simple moving average of $187.71.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were paid a $0.3199 dividend. This represents a $1.28 annualized dividend and a yield of 0.69%. The ex-dividend date was Monday, June 24th.

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.