Kestra Private Wealth Services LLC Has $21.40 Million Position in Invesco NASDAQ 100 ETF $QQQM

Kestra Private Wealth Services LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 90,068 shares of the company’s stock after purchasing an additional 6,698 shares during the period. Kestra Private Wealth Services LLC’s holdings in Invesco NASDAQ 100 ETF were worth $21,402,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Financial Enhancement Group LLC increased its position in shares of Invesco NASDAQ 100 ETF by 12.9% in the first quarter. Financial Enhancement Group LLC now owns 43,305 shares of the company’s stock valued at $10,290,000 after acquiring an additional 4,947 shares during the last quarter. Ritholtz Wealth Management raised its holdings in Invesco NASDAQ 100 ETF by 54.1% during the first quarter. Ritholtz Wealth Management now owns 4,476 shares of the company’s stock worth $1,064,000 after acquiring an additional 1,572 shares in the last quarter. Global Financial Private Client LLC boosted its position in Invesco NASDAQ 100 ETF by 3.9% during the first quarter. Global Financial Private Client LLC now owns 8,014 shares of the company’s stock valued at $1,904,000 after purchasing an additional 304 shares during the last quarter. Echo45 Advisors LLC boosted its position in Invesco NASDAQ 100 ETF by 2.8% during the first quarter. Echo45 Advisors LLC now owns 29,946 shares of the company’s stock valued at $7,116,000 after purchasing an additional 808 shares during the last quarter. Finally, Strategent Financial LLC grew its stake in Invesco NASDAQ 100 ETF by 6.4% in the first quarter. Strategent Financial LLC now owns 46,273 shares of the company’s stock valued at $10,995,000 after purchasing an additional 2,770 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.6%

NASDAQ:QQQM opened at $292.05 on Thursday. The firm has a market capitalization of $87.67 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a twelve month low of $222.07 and a twelve month high of $308.21. The stock’s 50 day moving average price is $288.94 and its two-hundred day moving average price is $264.19.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a $0.3522 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.