EdgeRock Capital LLC Sells 56,573 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

EdgeRock Capital LLC trimmed its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 41.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,892 shares of the company’s stock after selling 56,573 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 11.0% of EdgeRock Capital LLC’s holdings, making the stock its 2nd biggest holding. EdgeRock Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Montag A & Associates Inc. raised its position in shares of Invesco NASDAQ 100 ETF by 15.5% in the 4th quarter. Montag A & Associates Inc. now owns 372 shares of the company’s stock valued at $78,000 after acquiring an additional 50 shares during the period. Proactive Wealth Strategies LLC increased its stake in 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 in the last quarter. Seneca House Advisors increased its stake in Invesco NASDAQ 100 ETF by 5.2% during the 1st quarter. Seneca House Advisors now owns 1,188 shares of the company’s stock worth $229,000 after purchasing an additional 59 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in Invesco NASDAQ 100 ETF by 4.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,701 shares of the company’s stock worth $358,000 after purchasing an additional 67 shares in the last quarter. Finally, Eagle Strategies LLC increased its stake in Invesco NASDAQ 100 ETF by 0.8% during the 4th quarter. Eagle Strategies LLC now owns 8,494 shares of the company’s stock worth $1,788,000 after purchasing an additional 70 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $219.95 on Wednesday. The business has a 50 day simple moving average of $200.09 and a 200 day simple moving average of $206.78. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $222.64. The stock has a market cap of $46.92 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a dividend of $0.3176 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend 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.