Rollins Financial Advisors LLC Boosts Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rollins Financial Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,220 shares of the company’s stock after acquiring an additional 7,553 shares during the period. Invesco NASDAQ 100 ETF makes up approximately 1.9% of Rollins Financial Advisors LLC’s portfolio, making the stock its 11th largest position. Rollins Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,042,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in QQQM. Invesco Ltd. increased its holdings in shares of Invesco NASDAQ 100 ETF by 14.4% in the 4th quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after purchasing an additional 1,170,093 shares in the last quarter. Soundwatch Capital LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at $270,000. Cerity Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 12.2% during the fourth quarter. Cerity Partners LLC now owns 380,770 shares of the company’s stock valued at $80,125,000 after buying an additional 41,524 shares during the last quarter. FMR LLC increased its holdings in Invesco NASDAQ 100 ETF by 46.5% in the 4th quarter. FMR LLC now owns 2,261,812 shares of the company’s stock worth $478,521,000 after buying an additional 717,591 shares in the last quarter. Finally, Sepio Capital LP raised its position in Invesco NASDAQ 100 ETF by 90.5% in the 4th quarter. Sepio Capital LP now owns 16,605 shares of the company’s stock worth $3,495,000 after buying an additional 7,888 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 6.1 %

Shares of NASDAQ QQQM opened at $174.28 on Monday. The firm’s 50-day moving average price is $206.47 and its 200-day moving average price is $207.81. Invesco NASDAQ 100 ETF has a 52-week low of $168.90 and a 52-week high of $222.64. The company has a market cap of $35.58 billion, a PE ratio of 30.31 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given 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 of this dividend was Monday, March 24th.

About Invesco NASDAQ 100 ETF

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.