Columbia Asset Management Has $795,000 Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Columbia Asset Management lessened its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,776 shares of the company’s stock after selling 69 shares during the period. Columbia Asset Management’s holdings in Invesco NASDAQ 100 ETF were worth $795,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Calton & Associates Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 2.0% during the fourth quarter. Calton & Associates Inc. now owns 2,327 shares of the company’s stock worth $490,000 after purchasing an additional 46 shares during the last quarter. Montag A & Associates Inc. raised its position in Invesco NASDAQ 100 ETF by 15.5% during the fourth quarter. Montag A & Associates Inc. now owns 372 shares of the company’s stock worth $78,000 after acquiring an additional 50 shares in the last quarter. Fulcrum Equity Management lifted its stake in Invesco NASDAQ 100 ETF by 3.3% in the third quarter. Fulcrum Equity Management now owns 1,737 shares of the company’s stock valued at $349,000 after acquiring an additional 56 shares during the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of Invesco NASDAQ 100 ETF by 1.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock valued at $654,000 after acquiring an additional 56 shares during the period. Finally, Proactive Wealth Strategies LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 1.4% during the 4th quarter. Proactive Wealth Strategies LLC now owns 4,212 shares of the company’s stock worth $886,000 after purchasing an additional 59 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $194.60 on Wednesday. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.64. The company has a market capitalization of $39.73 billion, a P/E ratio of 30.31 and a beta of 1.15. The company has a 50-day simple moving average of $208.47 and a 200 day simple moving average of $208.01.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.3176 per share. This is an increase 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.