Truvestments Capital LLC Acquires Shares of 289 Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Truvestments Capital LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 289 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Invesco NASDAQ 100 ETF by 1,650.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 7,760,864 shares of the company’s stock worth $1,529,744,000 after acquiring an additional 7,317,531 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 10,544.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 4,016,689 shares of the company’s stock worth $7,917,000 after acquiring an additional 3,978,954 shares during the period. National Mutual Insurance Federation of Agricultural Cooperatives grew its stake in shares of Invesco NASDAQ 100 ETF by 260.2% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after acquiring an additional 1,712,000 shares during the period. Cetera Investment Advisers grew its stake in shares of Invesco NASDAQ 100 ETF by 536.4% during the 1st quarter. Cetera Investment Advisers now owns 1,043,700 shares of the company’s stock worth $190,673,000 after acquiring an additional 879,707 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd grew its stake in shares of Invesco NASDAQ 100 ETF by 13.9% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock worth $1,240,851,000 after acquiring an additional 754,700 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $208.00 on Thursday. The company has a market capitalization of $35.45 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a fifty-two week low of $157.44 and a fifty-two week high of $212.19. The stock has a fifty day moving average of $203.79 and a 200-day moving average of $196.85.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.58%.

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.