Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Holdings Raised by Hollencrest Capital Management

Hollencrest Capital Management increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423,236 shares of the company’s stock after buying an additional 7,029 shares during the quarter. Invesco NASDAQ 100 ETF comprises approximately 3.5% of Hollencrest Capital Management’s investment portfolio, making the stock its 5th biggest holding. Hollencrest Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $85,007,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CarsonAllaria Wealth Management Ltd. purchased a new position in Invesco NASDAQ 100 ETF in the second quarter valued at $27,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $29,000. Triad Wealth Partners LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at about $30,000. GAMMA Investing LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 2nd quarter valued at about $36,000. Finally, Rothschild Investment LLC acquired a new position in Invesco NASDAQ 100 ETF in the 2nd quarter worth about $36,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM traded down $0.07 during midday trading on Friday, reaching $211.28. 381,502 shares of the company’s stock traded hands, compared to its average volume of 1,824,282. The company has a fifty day simple moving average of $199.14 and a two-hundred day simple moving average of $193.69. Invesco NASDAQ 100 ETF has a 1 year low of $152.05 and a 1 year high of $211.68. The company has a market cap of $36.00 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 23rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.57%. The ex-dividend date was Monday, September 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.