Marshall Financial Group LLC Increases Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Marshall Financial Group LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,612 shares of the company’s stock after buying an additional 296 shares during the quarter. Marshall Financial Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in QQQM. RFG Advisory LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 2.6% in the first quarter. RFG Advisory LLC now owns 297,708 shares of the company’s stock worth $54,388,000 after acquiring an additional 7,469 shares during the last quarter. &PARTNERS acquired a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at $1,294,000. City State Bank grew its stake in shares of Invesco NASDAQ 100 ETF by 3.7% during the 1st quarter. City State Bank now owns 3,660 shares of the company’s stock valued at $669,000 after buying an additional 130 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 70.5% during the 1st quarter. International Assets Investment Management LLC now owns 3,930 shares of the company’s stock worth $720,000 after buying an additional 1,625 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 11.9% in the 1st quarter. Salem Investment Counselors Inc. now owns 788 shares of the company’s stock worth $144,000 after buying an additional 84 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.1 %

QQQM stock opened at $202.20 on Friday. The company has a market cap of $34.48 billion, a PE 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. The stock has a 50-day moving average price of $196.24 and a two-hundred day moving average price of $191.15.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.59%.

Invesco NASDAQ 100 ETF 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.