Invesco NASDAQ 100 ETF $QQQM Position Raised by Verde Capital Management

Verde Capital Management increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 154,340 shares of the company’s stock after buying an additional 2,029 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 8.3% of Verde Capital Management’s portfolio, making the stock its 4th largest holding. Verde Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $39,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth $393,000. Capstone Wealth Management Group LLC raised its position in shares of Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after buying an additional 819 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter worth $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter worth $534,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $290.63 on Tuesday. The company has a market capitalization of $87.24 billion, a PE ratio of 31.95 and a beta of 1.21. Invesco NASDAQ 100 ETF has a 52-week low of $208.18 and a 52-week high of $297.29. The business’s fifty day moving average is $259.52 and its 200 day moving average is $255.56.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were paid a $0.3277 dividend. 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 yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd.

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.