Invesco NASDAQ 100 ETF $QQQM Stock Position Cut by EdgeRock Capital LLC

EdgeRock Capital LLC cut its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.5% during the first quarter, Holdings Channel.com reports. The institutional investor owned 152,199 shares of the company’s stock after selling 2,379 shares during the period. Invesco NASDAQ 100 ETF accounts for 9.8% of EdgeRock Capital LLC’s investment portfolio, making the stock its 2nd largest holding. EdgeRock Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $36,199,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $25,000. Imprint Wealth LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Osbon Capital Management LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth about $41,000. Bank & Trust Co purchased a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth about $46,000. Finally, Monetary Solutions Ltd acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter valued at about $50,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $293.87 on Wednesday. Invesco NASDAQ 100 ETF has a 1 year low of $220.74 and a 1 year high of $308.21. The stock has a market capitalization of $88.21 billion, a PE ratio of 31.95 and a beta of 1.23. The stock has a 50-day simple moving average of $288.18 and a 200-day simple moving average of $263.94.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a $0.3522 dividend. The ex-dividend date is Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a 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.