Caprock Group LLC Acquires New Position in Invesco NASDAQ 100 ETF $QQQM

Caprock Group LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, Holdings Channel reports. The firm bought 20,596 shares of the company’s stock, valued at approximately $4,836,000.

Other hedge funds have also bought and sold shares of the company. Cypress Wealth Services LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 3.4% during the third quarter. Cypress Wealth Services LLC now owns 1,244 shares of the company’s stock worth $307,000 after buying an additional 41 shares during the period. Base Wealth Management LLC raised its stake in Invesco NASDAQ 100 ETF by 3.9% in the 3rd quarter. Base Wealth Management LLC now owns 1,157 shares of the company’s stock worth $286,000 after acquiring an additional 43 shares during the last quarter. Twin Peaks Wealth Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 0.7% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 5,789 shares of the company’s stock worth $1,429,000 after acquiring an additional 43 shares during the last quarter. Modera Wealth Management LLC lifted its position in Invesco NASDAQ 100 ETF by 1.2% during the 3rd quarter. Modera Wealth Management LLC now owns 3,920 shares of the company’s stock worth $969,000 after acquiring an additional 46 shares during the period. Finally, Sand Hill Global Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 4.3% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 1,157 shares of the company’s stock valued at $263,000 after purchasing an additional 48 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.3%

Shares of NASDAQ:QQQM opened at $252.43 on Thursday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The stock has a market cap of $72.41 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50-day moving average price of $254.94 and a 200-day moving average price of $248.37.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.