SOL Capital Management CO Raises Holdings in Invesco NASDAQ 100 ETF $QQQM

SOL Capital Management CO increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 129,017 shares of the company’s stock after purchasing an additional 5,949 shares during the quarter. Invesco NASDAQ 100 ETF makes up 2.9% of SOL Capital Management CO’s investment portfolio, making the stock its 2nd largest holding. SOL Capital Management CO’s holdings in Invesco NASDAQ 100 ETF were worth $31,883,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Jackson Hole Capital Partners LLC bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $25,000. Wolff Wiese Magana LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $26,000. Trust Co. of Toledo NA OH bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $28,000. Pflug Koory LLC acquired a new position in Invesco NASDAQ 100 ETF during the 2nd quarter worth $32,000. Finally, PrairieView Partners LLC boosted its holdings in Invesco NASDAQ 100 ETF by 400.0% during the second quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock valued at $37,000 after acquiring an additional 132 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $255.71 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23. The company has a market cap of $71.12 billion, a P/E ratio of 31.95 and a beta of 1.16. The stock’s 50-day moving average is $253.77 and its 200-day moving average is $245.12.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.323 per share. This represents a $1.29 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, December 22nd.

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.