Robinswood Financial LLC Buys New Holdings in Invesco NASDAQ 100 ETF $QQQM

Robinswood Financial LLC purchased a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,593 shares of the company’s stock, valued at approximately $1,091,000. Invesco NASDAQ 100 ETF accounts for 1.4% of Robinswood Financial LLC’s holdings, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Florida Financial Advisors LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 71.0% during the first quarter. Florida Financial Advisors LLC now owns 17,461 shares of the company’s stock valued at $4,150,000 after buying an additional 7,252 shares during the last quarter. Nicholas Wealth LLC. bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $1,164,000. Bank of New York Mellon Corp raised its holdings 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 worth $211,423,000 after acquiring an additional 62,705 shares during the last quarter. Galvin Gaustad & Stein LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 1,046.7% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after acquiring an additional 46,409 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 34.7% in the 4th quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock valued at $21,683,000 after acquiring an additional 22,077 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $283.41 on Monday. The business has a 50-day simple moving average of $294.59 and a two-hundred day simple moving average of $270.95. The company has a market capitalization of $97.11 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a 52-week low of $227.00 and a 52-week high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.