Invesco NASDAQ 100 ETF $QQQM Holdings Lowered by Hamilton Capital Partners LLC

Hamilton Capital Partners LLC cut its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 28.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,075 shares of the company’s stock after selling 2,761 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 0.7% of Hamilton Capital Partners LLC’s holdings, making the stock its 14th largest holding. Hamilton Capital Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,748,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Syntegra Private Wealth Group LLC boosted its stake in Invesco NASDAQ 100 ETF by 0.9% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 194,626 shares of the company’s stock valued at $48,096,000 after purchasing an additional 1,695 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Invesco NASDAQ 100 ETF by 450.0% in the 3rd quarter. Blue Trust Inc. now owns 616 shares of the company’s stock worth $152,000 after buying an additional 504 shares in the last quarter. Foresight Capital Management Advisors Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $252,000. Quad Cities Investment Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at $247,000. Finally, VCI Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 14.3% during the third quarter. VCI Wealth Management LLC now owns 1,095 shares of the company’s stock valued at $271,000 after buying an additional 137 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 0.2%

NASDAQ:QQQM opened at $256.63 on Friday. The business’s 50-day moving average price is $253.55 and its 200 day moving average price is $241.20. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The firm has a market cap of $67.21 billion, a P/E ratio of 31.95 and a beta of 1.16.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Monday, December 22nd will be issued a $0.323 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 22nd. This is an increase 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.