Raymond James Financial Services Advisors Inc. Acquires 73,946 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,334,544 shares of the company’s stock after buying an additional 73,946 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 1.04% of Invesco NASDAQ 100 ETF worth $243,808,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QQQM. StoneCrest Wealth Management Inc. grew its holdings in Invesco NASDAQ 100 ETF by 0.7% during the first quarter. StoneCrest Wealth Management Inc. now owns 64,673 shares of the company’s stock valued at $11,815,000 after purchasing an additional 463 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in Invesco NASDAQ 100 ETF by 99.2% in the 1st quarter. Strategic Financial Concepts LLC now owns 37,735 shares of the company’s stock valued at $6,894,000 after buying an additional 18,791 shares during the last quarter. American Financial Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 15.3% in the 1st quarter. American Financial Advisors LLC now owns 1,433 shares of the company’s stock worth $262,000 after acquiring an additional 190 shares during the period. PFG Investments LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth $581,000. Finally, Parsons Capital Management Inc. RI bought a new stake in Invesco NASDAQ 100 ETF during the first quarter valued at about $350,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded down $3.38 during midday trading on Tuesday, hitting $174.68. The company’s stock had a trading volume of 1,225,503 shares, compared to its average volume of 1,841,951. The stock’s 50 day simple moving average is $179.79 and its 200 day simple moving average is $169.36. The stock has a market capitalization of $22.46 billion, a price-to-earnings ratio of 35.17 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $129.60 and a fifty-two week high of $184.88.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were issued a $0.3454 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, March 18th.

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.