Heritage Oak Wealth Advisors LLC Buys New Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Heritage Oak Wealth Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,125 shares of the company’s stock, valued at approximately $1,632,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock worth $624,000 after acquiring an additional 64 shares during the last quarter. Marble Harbor Investment Counsel LLC increased its holdings in Invesco NASDAQ 100 ETF by 1.2% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock worth $1,143,000 after purchasing an additional 66 shares in the last quarter. Northstar Group Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 5.4% in the third quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock worth $271,000 after purchasing an additional 69 shares during the last quarter. Zhang Financial LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF by 2.8% in the third quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock valued at $517,000 after purchasing an additional 70 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 6.6% during the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after buying an additional 74 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.8 %

Shares of Invesco NASDAQ 100 ETF stock opened at $202.62 on Friday. The stock has a fifty day simple moving average of $197.60 and a 200 day simple moving average of $191.90. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The company has a market capitalization of $34.67 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.59%.

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.