Retirement Financial Solutions LLC Acquires New Position in Invesco NASDAQ 100 ETF $QQQM

Retirement Financial Solutions LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 69,361 shares of the company’s stock, valued at approximately $17,543,000. Invesco NASDAQ 100 ETF makes up approximately 5.1% of Retirement Financial Solutions LLC’s portfolio, making the stock its 7th largest holding.

Other large investors also recently bought and sold shares of the company. Bright Futures Wealth Management LLC. purchased a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $617,000. Bank of New York Mellon Corp grew its stake in Invesco NASDAQ 100 ETF by 8.1% during 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 acquiring an additional 62,705 shares in the last quarter. Blue Edge Capital LLC grew its stake in Invesco NASDAQ 100 ETF by 29.9% during the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock valued at $5,702,000 after acquiring an additional 5,309 shares in the last quarter. EdgeRock Capital LLC grew its stake in Invesco NASDAQ 100 ETF by 2.5% during the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after acquiring an additional 3,809 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 34.7% during 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

Shares of NASDAQ QQQM opened at $297.01 on Monday. Invesco NASDAQ 100 ETF has a 12-month low of $215.55 and a 12-month high of $308.21. The stock has a market cap of $89.16 billion, a PE ratio of 31.95 and a beta of 1.23. The company has a 50-day moving average of $280.33 and a 200 day moving average of $261.60.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were issued a $0.3277 dividend. This represents a $1.31 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.