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

Solitude Financial Services increased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,748 shares of the company’s stock after acquiring an additional 5,286 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 3.0% of Solitude Financial Services’ holdings, 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.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QQQM. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Invesco NASDAQ 100 ETF by 1,473.2% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock worth $1,407,000 after purchasing an additional 5,333 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new position in Invesco NASDAQ 100 ETF in the third quarter valued at $617,000. Evolution Wealth Management Inc. lifted its position in Invesco NASDAQ 100 ETF by 51,972.7% during the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after buying an additional 5,717 shares during the period. Boyum Wealth Architects LLC lifted its position in Invesco NASDAQ 100 ETF by 12.4% during the third quarter. Boyum Wealth Architects LLC now owns 22,813 shares of the company’s stock worth $5,638,000 after buying an additional 2,523 shares during the period. Finally, Brookstone Capital Management boosted its stake in Invesco NASDAQ 100 ETF by 49.7% in the 3rd quarter. Brookstone Capital Management now owns 75,006 shares of the company’s stock worth $18,535,000 after buying an additional 24,904 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM opened at $229.87 on Tuesday. The stock has a market capitalization of $65.94 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business has a 50-day moving average of $249.02 and a two-hundred day moving average of $250.99. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32. This represents a $1.31 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, March 23rd.

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.