Invesco NASDAQ 100 ETF $QQQM Position Lowered by EdgeRock Capital LLC

EdgeRock Capital LLC decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,199 shares of the company’s stock after selling 2,379 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 9.8% of EdgeRock Capital LLC’s portfolio, making the stock its 2nd biggest holding. EdgeRock Capital LLC owned approximately 0.05% of Invesco NASDAQ 100 ETF worth $36,199,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bright Futures Wealth Management LLC. acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter worth $617,000. Nicholas Wealth LLC. acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $1,164,000. Bank of New York Mellon Corp grew its holdings in shares of Invesco NASDAQ 100 ETF by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after purchasing an additional 62,705 shares during the period. Blue Edge Capital LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 29.9% during the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after purchasing an additional 5,309 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Invesco NASDAQ 100 ETF by 34.7% during the 4th quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock worth $21,683,000 after purchasing an additional 22,077 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 3.3%

Shares of NASDAQ:QQQM opened at $293.87 on Wednesday. The company has a market capitalization of $88.21 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12-month low of $220.74 and a 12-month high of $308.21. The business has a 50-day moving average price of $288.18 and a 200 day moving average price of $263.94.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.3522 per share. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, June 22nd.

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.