bLong Financial LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

bLong Financial LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 41,832 shares of the company’s stock, valued at approximately $12,674,000. Invesco NASDAQ 100 ETF accounts for 8.3% of bLong Financial LLC’s investment portfolio, making the stock its 3rd largest position.

Other large investors have also recently made changes to their positions in the company. Garner Asset Management Corp bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth $25,000. Imprint Wealth LLC bought a new position in Invesco NASDAQ 100 ETF during the third quarter valued at about $31,000. Investors Research Corp bought a new position in Invesco NASDAQ 100 ETF during the second quarter valued at about $38,000. Versant Capital Management Inc purchased a new stake in Invesco NASDAQ 100 ETF during the second quarter worth about $41,000. Finally, Owl Creek Wealth Partners LLC increased its holdings in Invesco NASDAQ 100 ETF by 545.5% during the second quarter. Owl Creek Wealth Partners LLC now owns 142 shares of the company’s stock worth $43,000 after buying an additional 120 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.2%

QQQM opened at $301.41 on Friday. Invesco NASDAQ 100 ETF has a twelve month low of $228.75 and a twelve month high of $308.21. The company’s 50-day moving average price is $293.38 and its two-hundred day moving average price is $273.55. The stock has a market cap of $103.46 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were issued a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 22nd.

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.