Invesco NASDAQ 100 ETF $QQQM Position Lifted by Aspire Growth Partners LLC

Aspire Growth Partners LLC boosted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 10.6% in the 1st quarter, Holdings Channel reports. The firm owned 29,823 shares of the company’s stock after acquiring an additional 2,870 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 4.9% of Aspire Growth Partners LLC’s portfolio, making the stock its 4th largest position. Aspire Growth Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $7,087,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $393,000. Capstone Wealth Management Group LLC raised its holdings in Invesco NASDAQ 100 ETF by 9.6% in the 1st quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after acquiring an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Invesco NASDAQ 100 ETF by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new position in Invesco NASDAQ 100 ETF in the 1st quarter worth approximately $742,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $534,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $303.90 on Tuesday. The stock’s fifty day moving average is $287.33 and its two-hundred day moving average is $263.68. The firm has a market capitalization of $91.22 billion, a P/E ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a fifty-two week low of $215.55 and a fifty-two week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be issued a $0.3522 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%.

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.