Horizon Wealth Management LLC Has $22.34 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Horizon Wealth Management LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 122,296 shares of the company’s stock after acquiring an additional 9,058 shares during the period. Invesco NASDAQ 100 ETF accounts for about 5.8% of Horizon Wealth Management LLC’s holdings, making the stock its 5th biggest position. Horizon Wealth Management LLC owned approximately 0.10% of Invesco NASDAQ 100 ETF worth $22,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC acquired a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at about $296,000. Trilogy Capital Inc. lifted its stake in Invesco NASDAQ 100 ETF by 31.0% in the first quarter. Trilogy Capital Inc. now owns 2,646 shares of the company’s stock valued at $483,000 after purchasing an additional 626 shares during the last quarter. Avalon Capital Management raised its stake in shares of Invesco NASDAQ 100 ETF by 79.1% in the first quarter. Avalon Capital Management now owns 11,110 shares of the company’s stock valued at $2,030,000 after buying an additional 4,906 shares during the period. Richardson Capital Management LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 2,146.7% during the 1st quarter. Richardson Capital Management LLC now owns 337 shares of the company’s stock worth $61,000 after acquiring an additional 322 shares during the period. Finally, CRA Financial Services LLC boosted its position in Invesco NASDAQ 100 ETF by 30.2% during the first quarter. CRA Financial Services LLC now owns 1,790 shares of the company’s stock worth $327,000 after purchasing an additional 415 shares during the period.

Invesco NASDAQ 100 ETF Trading Up 0.6 %

Shares of NASDAQ QQQM traded up $1.14 during midday trading on Monday, hitting $198.25. The company’s stock had a trading volume of 1,118,873 shares, compared to its average volume of 1,724,366. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock has a fifty day moving average price of $187.18 and a 200 day moving average price of $179.75. Invesco NASDAQ 100 ETF has a one year low of $140.84 and a one year high of $200.47.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.3199 per share. The ex-dividend date was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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