Frank Rimerman Advisors LLC Boosts Stake in Invesco NASDAQ 100 ETF $QQQM

Frank Rimerman Advisors LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,851 shares of the company’s stock after acquiring an additional 2,537 shares during the period. Invesco NASDAQ 100 ETF makes up about 2.2% of Frank Rimerman Advisors LLC’s portfolio, making the stock its 9th biggest holding. Frank Rimerman Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $33,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Ascent Advisors LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth $6,313,000. Warner Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 11.9% in the 1st quarter. Warner Group LLC now owns 20,529 shares of the company’s stock valued at $4,878,000 after buying an additional 2,188 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 2.0% during the 1st quarter. Axxcess Wealth Management LLC now owns 141,616 shares of the company’s stock worth $33,651,000 after acquiring an additional 2,742 shares during the period. Cvfg LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 497.6% during the 1st quarter. Cvfg LLC now owns 119,217 shares of the company’s stock worth $28,328,000 after acquiring an additional 99,268 shares in the last quarter. Finally, Renasant Bank acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $1,199,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $292.87 on Thursday. Invesco NASDAQ 100 ETF has a 1 year low of $227.00 and a 1 year high of $308.21. The stock has a market capitalization of $97.99 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The company’s 50 day simple moving average is $294.66 and its 200 day simple moving average is $267.10.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders 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 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.