Great Valley Advisor Group Inc. Makes New $270,000 Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Great Valley Advisor Group Inc. purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,344 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds have also bought and sold shares of QQQM. Waddell & Associates LLC raised its position in shares of Invesco NASDAQ 100 ETF by 1.5% during the 3rd quarter. Waddell & Associates LLC now owns 187,736 shares of the company’s stock valued at $37,707,000 after buying an additional 2,794 shares in the last quarter. Flagstar Advisors Inc. increased its stake in Invesco NASDAQ 100 ETF by 7.5% during the third quarter. Flagstar Advisors Inc. now owns 1,237 shares of the company’s stock worth $248,000 after acquiring an additional 86 shares during the last quarter. GenTrust LLC raised its position in Invesco NASDAQ 100 ETF by 138.3% during the third quarter. GenTrust LLC now owns 6,322 shares of the company’s stock valued at $1,270,000 after purchasing an additional 3,669 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after purchasing an additional 754,700 shares during the last quarter. Finally, Nwam LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $2,664,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $208.00 on Thursday. The firm has a market capitalization of $35.45 billion, a PE ratio of 34.39 and a beta of 1.18. The stock’s fifty day moving average is $203.79 and its 200 day moving average is $196.85. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were paid 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.