Redwood Family Wealth LLC Invests $2.53 Million in Invesco NASDAQ 100 ETF $QQQM

Redwood Family Wealth LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,009 shares of the company’s stock, valued at approximately $2,532,000. Invesco NASDAQ 100 ETF makes up approximately 2.5% of Redwood Family Wealth LLC’s holdings, making the stock its 11th biggest holding.

A number of other institutional investors have also made changes to their positions in QQQM. Bright Futures Wealth Management LLC. bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $617,000. Bank of New York Mellon Corp increased its stake in shares of Invesco NASDAQ 100 ETF by 8.1% in the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after buying an additional 62,705 shares during the period. Nicholas Wealth LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth $1,164,000. Blue Edge Capital LLC raised its position in shares of Invesco NASDAQ 100 ETF by 29.9% during the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after acquiring an additional 5,309 shares during the last quarter. Finally, EdgeRock Capital LLC raised its position in shares of Invesco NASDAQ 100 ETF by 2.5% during the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after acquiring an additional 3,809 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM opened at $304.52 on Friday. The stock’s fifty day simple moving average is $286.28 and its 200-day simple moving average is $263.28. The firm has a market capitalization of $91.41 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.3522 per share. The ex-dividend date of this dividend is Monday, June 22nd.

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.