NewEdge Advisors LLC Raises Position in Invesco NASDAQ 100 ETF $QQQM

NewEdge Advisors LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 42.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,688 shares of the company’s stock after purchasing an additional 69,883 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $55,767,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Maripau Wealth Management LLC lifted its stake in Invesco NASDAQ 100 ETF by 6.4% in the first quarter. Maripau Wealth Management LLC now owns 11,969 shares of the company’s stock valued at $2,844,000 after purchasing an additional 715 shares during the last quarter. Glenmede Trust Co. NA purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $337,000. WNY Asset Management LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $229,000. Essential Partners LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 5,166.7% in the first quarter. Essential Partners LLC now owns 1,422 shares of the company’s stock valued at $338,000 after buying an additional 1,395 shares during the period. Finally, JDM Financial Group LLC raised its stake in shares of Invesco NASDAQ 100 ETF by 37.2% in the first quarter. JDM Financial Group LLC now owns 7,909 shares of the company’s stock valued at $1,879,000 after buying an additional 2,143 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $294.26 on Friday. The stock has a market capitalization of $101.01 billion, a PE ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a one year low of $228.75 and a one year high of $308.21. The business’s fifty day moving average price is $294.12 and its 200-day moving average price is $272.01.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Monday, June 22nd were paid a $0.3522 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 22nd.

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.