Transcendent Capital Group LLC Grows Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Transcendent Capital Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,630.4% in the third quarter, Holdings Channel reports. The firm owned 17,754 shares of the company’s stock after acquiring an additional 16,728 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 1.8% of Transcendent Capital Group LLC’s holdings, making the stock its 14th largest position. Transcendent Capital Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $3,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. CarsonAllaria Wealth Management Ltd. bought a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter valued at $27,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Invesco NASDAQ 100 ETF during the third quarter valued at $29,000. Triad Wealth Partners LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at about $30,000. GAMMA Investing LLC purchased a new stake in Invesco NASDAQ 100 ETF in the second quarter worth about $36,000. Finally, Rothschild Investment LLC bought a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $211.62 on Friday. Invesco NASDAQ 100 ETF has a one year low of $152.05 and a one year high of $211.92. The company has a market capitalization of $36.06 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The company’s 50-day simple moving average is $199.45 and its two-hundred day simple moving average is $194.10.

Invesco NASDAQ 100 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.57%. The ex-dividend date was Monday, September 23rd.

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.