EdgeRock Capital LLC Has $39.10 Million Position in Invesco NASDAQ 100 ETF $QQQM

EdgeRock Capital LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,578 shares of the company’s stock after acquiring an additional 3,809 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 10.4% of EdgeRock Capital LLC’s portfolio, making the stock its 2nd biggest holding. EdgeRock Capital LLC owned about 0.06% of Invesco NASDAQ 100 ETF worth $39,104,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Jackson Hole Capital Partners LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth $25,000. Wolff Wiese Magana LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter valued at $26,000. New Millennium Group LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 671.4% in the third quarter. New Millennium Group LLC now owns 108 shares of the company’s stock worth $27,000 after purchasing an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth about $31,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $231.61 on Friday. The firm has a market capitalization of $66.44 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The company has a 50-day moving average of $249.54 and a 200 day moving average of $250.89.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were given a dividend of $0.3277 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Monday, March 23rd.

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.