Precision Wealth Strategies LLC Purchases 1,050 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Precision Wealth Strategies LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 43.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,455 shares of the company’s stock after acquiring an additional 1,050 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 0.6% of Precision Wealth Strategies LLC’s portfolio, making the stock its 27th largest holding. Precision Wealth Strategies LLC’s holdings in Invesco NASDAQ 100 ETF were worth $694,000 at the end of the most recent quarter.

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

Invesco NASDAQ 100 ETF Trading Up 0.2 %

QQQM stock opened at $203.89 on Tuesday. The firm has a 50 day moving average of $196.96 and a 200-day moving average of $191.60. The firm has a market capitalization of $34.77 billion, a P/E 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.

Invesco NASDAQ 100 ETF Cuts Dividend

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

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.