Invesco NASDAQ 100 ETF $QQQM Stake Lifted by EdgeRock Capital LLC

EdgeRock Capital LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 154,578 shares of the company’s stock after purchasing an additional 3,809 shares during the period. Invesco NASDAQ 100 ETF comprises 10.4% of EdgeRock Capital LLC’s portfolio, making the stock its 2nd biggest position. EdgeRock Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $39,104,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Jackson Hole Capital Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth $25,000. Wolff Wiese Magana LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at about $26,000. New Millennium Group LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after acquiring an additional 94 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $28,000. Finally, Imprint Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF in the third quarter worth about $31,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $231.61 on Friday. The stock has a market cap of $66.44 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The firm’s 50-day moving average is $249.54 and its two-hundred day moving average is $250.89. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.3277 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 23rd.

Invesco NASDAQ 100 ETF Company 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.