Ritholtz Wealth Management Has $474,000 Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Ritholtz Wealth Management lessened its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 31.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,455 shares of the company’s stock after selling 1,124 shares during the period. Ritholtz Wealth Management’s holdings in Invesco NASDAQ 100 ETF were worth $474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Union Bancaire Privee UBP SA bought a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth $25,000. Nemes Rush Group LLC bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 122.0% in the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after buying an additional 111 shares during the period. ST Germain D J Co. Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the first quarter worth about $46,000. Finally, Blue Trust Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth about $49,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $217.80 on Friday. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $222.64. The company has a market cap of $46.46 billion, a PE ratio of 32.67 and a beta of 1.18. The stock’s 50-day moving average is $205.51 and its 200 day moving average is $207.24.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.3176 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date was Monday, March 24th.

Invesco NASDAQ 100 ETF Company 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.