Crestwood Advisors Group LLC Buys Shares of 2,778 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Crestwood Advisors Group LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the third quarter, HoldingsChannel reports. The institutional investor bought 2,778 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arthur M. Cohen & Associates LLC raised its position in shares of Invesco NASDAQ 100 ETF by 6.1% in the third quarter. Arthur M. Cohen & Associates LLC now owns 130,986 shares of the company’s stock valued at $25,943,000 after purchasing an additional 7,551 shares during the period. Landmark Wealth Management LLC raised its position in shares of Invesco NASDAQ 100 ETF by 1.5% in the third quarter. Landmark Wealth Management LLC now owns 16,183 shares of the company’s stock valued at $3,250,000 after purchasing an additional 247 shares during the period. United Advisor Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 16.7% in the third quarter. United Advisor Group LLC now owns 13,292 shares of the company’s stock valued at $2,670,000 after purchasing an additional 1,903 shares during the period. Highland Financial Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 27.8% in the third quarter. Highland Financial Advisors LLC now owns 127,036 shares of the company’s stock valued at $25,515,000 after purchasing an additional 27,633 shares during the period. Finally, AlphaCentric Advisors LLC raised its position in shares of Invesco NASDAQ 100 ETF by 28.6% in the third quarter. AlphaCentric Advisors LLC now owns 10,158 shares of the company’s stock valued at $2,040,000 after purchasing an additional 2,259 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 2.7 %

NASDAQ QQQM opened at $208.07 on Thursday. The company’s 50 day moving average is $198.79 and its 200-day moving average is $193.57. Invesco NASDAQ 100 ETF has a 12-month low of $151.85 and a 12-month high of $208.41. The firm has a market cap of $35.46 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, September 27th. Stockholders of record on Monday, September 23rd were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, September 23rd.

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.