Fusion Family Wealth LLC Grows Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Fusion Family Wealth LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 147,801 shares of the company’s stock after purchasing an additional 10,273 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 2.7% of Fusion Family Wealth LLC’s investment portfolio, making the stock its 14th largest position. Fusion Family Wealth LLC owned approximately 0.09% of Invesco NASDAQ 100 ETF worth $29,686,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Sax Wealth Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 5.8% during the 3rd quarter. Sax Wealth Advisors LLC now owns 300,898 shares of the company’s stock worth $60,435,000 after purchasing an additional 16,477 shares during the period. BCS Wealth Management boosted its stake in Invesco NASDAQ 100 ETF by 10.7% in the 3rd quarter. BCS Wealth Management now owns 9,701 shares of the company’s stock worth $1,948,000 after buying an additional 935 shares during the last quarter. RFG Advisory LLC grew its holdings in Invesco NASDAQ 100 ETF by 15.0% in the 3rd quarter. RFG Advisory LLC now owns 353,190 shares of the company’s stock valued at $70,938,000 after buying an additional 46,130 shares during the period. LexAurum Advisors LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 3.3% during the 3rd quarter. LexAurum Advisors LLC now owns 11,395 shares of the company’s stock valued at $2,289,000 after acquiring an additional 361 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 9.7% during the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 17,578 shares of the company’s stock valued at $3,531,000 after acquiring an additional 1,554 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ:QQQM traded up $1.39 during trading hours on Friday, reaching $203.59. 291,481 shares of the company were exchanged, compared to its average volume of 1,830,248. The firm has a market cap of $34.72 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock has a 50 day simple moving average of $196.24 and a 200 day simple moving average of $191.15. Invesco NASDAQ 100 ETF has a 52-week low of $140.84 and a 52-week high of $207.24.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend 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.