Legacy Capital Wealth Partners LLC Invests $407,000 in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Legacy Capital Wealth Partners LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,067 shares of the company’s stock, valued at approximately $407,000.

Other large investors also recently modified their holdings of the company. Laidlaw Wealth Management LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.8% in the second quarter. Laidlaw Wealth Management LLC now owns 8,882 shares of the company’s stock worth $1,751,000 after acquiring an additional 240 shares during the period. Eldridge Investment Advisors Inc. raised its position in Invesco NASDAQ 100 ETF by 2.9% during the second quarter. Eldridge Investment Advisors Inc. now owns 16,035 shares of the company’s stock valued at $3,161,000 after purchasing an additional 448 shares in the last quarter. AAF Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 10.2% in the 2nd quarter. AAF Wealth Management LLC now owns 104,357 shares of the company’s stock worth $20,570,000 after buying an additional 9,639 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of Invesco NASDAQ 100 ETF by 50.4% in the 2nd quarter. Ritholtz Wealth Management now owns 4,202 shares of the company’s stock valued at $828,000 after purchasing an additional 1,409 shares in the last quarter. Finally, Essex Financial Services Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 8.0% during the second quarter. Essex Financial Services Inc. now owns 6,690 shares of the company’s stock valued at $1,319,000 after buying an additional 498 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $190.08 on Wednesday. The business’s 50 day simple moving average is $195.16 and its two-hundred day simple moving average is $187.46. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $207.24. The stock has a market capitalization of $29.56 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, June 28th. Stockholders of record on Monday, June 24th were issued a dividend of $0.3199 per share. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.67%.

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.