Rede Wealth LLC Acquires 373 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rede Wealth LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.3% during the third quarter, Holdings Channel.com reports. The firm owned 7,363 shares of the company’s stock after buying an additional 373 shares during the period. Invesco NASDAQ 100 ETF makes up 0.6% of Rede Wealth LLC’s holdings, making the stock its 17th biggest holding. Rede Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,479,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Cutter & CO Brokerage Inc. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.1% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 3,164 shares of the company’s stock valued at $624,000 after buying an additional 64 shares in the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in Invesco NASDAQ 100 ETF by 1.2% in the second quarter. Marble Harbor Investment Counsel LLC now owns 5,801 shares of the company’s stock valued at $1,143,000 after acquiring an additional 66 shares in the last quarter. Madison Wealth Partners Inc increased its position in shares of Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Madison Wealth Partners Inc now owns 4,510 shares of the company’s stock worth $824,000 after purchasing an additional 69 shares in the last quarter. Northstar Group Inc. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 5.4% during the 3rd quarter. Northstar Group Inc. now owns 1,347 shares of the company’s stock valued at $271,000 after purchasing an additional 69 shares during the last quarter. Finally, Zhang Financial LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 2.8% in the 3rd quarter. Zhang Financial LLC now owns 2,574 shares of the company’s stock worth $517,000 after purchasing an additional 70 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM traded up $1.32 during mid-day trading on Friday, hitting $203.52. 1,661,280 shares of the company’s stock traded hands, compared to its average volume of 1,837,028. The company has a fifty day moving average of $196.60 and a 200 day moving average of $191.36. Invesco NASDAQ 100 ETF has a twelve month low of $140.84 and a twelve month high of $207.24. The company has a market capitalization of $34.70 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a dividend yield of 0.59%.

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.