Invesco NASDAQ 100 ETF $QQQM Position Increased by Solitude Financial Services

Solitude Financial Services raised its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 35,748 shares of the company’s stock after purchasing an additional 5,286 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 3.0% of Solitude Financial Services’ portfolio, making the stock its 9th biggest holding. Solitude Financial Services’ holdings in Invesco NASDAQ 100 ETF were worth $9,041,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in QQQM. Bison Wealth LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at $393,000. Capstone Wealth Management Group LLC increased its position in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock worth $7,129,000 after buying an additional 3,220 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock worth $9,876,000 after acquiring an additional 819 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the first quarter valued at $742,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $534,000.

Invesco NASDAQ 100 ETF Stock Down 0.8%

QQQM opened at $229.87 on Tuesday. The firm has a market cap of $65.94 billion, a P/E ratio of 31.95 and a beta of 1.16. The business’s fifty day simple moving average is $249.02 and its 200 day simple moving average is $250.99. Invesco NASDAQ 100 ETF has a 52 week low of $165.72 and a 52 week high of $262.23.

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 is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, March 23rd. This represents a $1.31 dividend on an annualized basis and a yield of 0.6%.

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.