Norris Financial Group LLC Invests $3.30 Million in Invesco NASDAQ 100 ETF $QQQM

Norris Financial Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,878 shares of the company’s stock, valued at approximately $3,298,000.

Other hedge funds have also added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new position in Invesco NASDAQ 100 ETF in the 4th quarter valued at $25,000. Imprint Wealth LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $31,000. Osbon Capital Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $41,000. SJS Investment Consulting Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at about $40,000. Finally, Signature Equity Partners LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 19,600.0% in the first quarter. Signature Equity Partners LLC now owns 197 shares of the company’s stock valued at $47,000 after acquiring an additional 196 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $281.35 on Friday. Invesco NASDAQ 100 ETF has a 52 week low of $227.00 and a 52 week high of $308.21. The firm has a market cap of $96.25 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22. The firm’s 50-day simple moving average is $294.83 and its 200 day simple moving average is $270.77.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date 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.