Kovack Advisors Inc. Buys New Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Kovack Advisors Inc. purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,883 shares of the company’s stock, valued at approximately $378,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ridgecrest Wealth Partners LLC lifted its holdings in Invesco NASDAQ 100 ETF by 4.4% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 1,434 shares of the company’s stock valued at $288,000 after purchasing an additional 60 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 2.1% during the second quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock valued at $624,000 after buying an additional 64 shares during the period. Marble Harbor Investment Counsel LLC boosted its position in Invesco NASDAQ 100 ETF by 1.2% during the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after acquiring an additional 66 shares during the last quarter. Northstar Group Inc. grew its stake in Invesco NASDAQ 100 ETF by 5.4% in the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock worth $271,000 after acquiring an additional 69 shares during the period. Finally, Zhang Financial LLC raised its holdings in Invesco NASDAQ 100 ETF by 2.8% in the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after acquiring an additional 70 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.7 %

Shares of Invesco NASDAQ 100 ETF stock opened at $209.34 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19. The business’s fifty day moving average is $200.61 and its two-hundred day moving average is $194.84. The firm has a market cap of $35.67 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco NASDAQ 100 ETF

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.