Hamilton Capital Partners LLC Grows Position in Invesco NASDAQ 100 ETF $QQQM

Hamilton Capital Partners LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 146.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,174 shares of the company’s stock after purchasing an additional 6,642 shares during the quarter. Invesco NASDAQ 100 ETF comprises 0.8% of Hamilton Capital Partners LLC’s holdings, making the stock its 13th biggest position. Hamilton Capital Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in QQQM. Bright Futures Wealth Management LLC. purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $617,000. Nicholas Wealth LLC. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at $1,164,000. Bank of New York Mellon Corp increased its stake in shares of Invesco NASDAQ 100 ETF by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after acquiring an additional 62,705 shares during the period. Blue Edge Capital LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 29.9% in the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after acquiring an additional 5,309 shares during the period. Finally, EdgeRock Capital LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 2.5% in the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after acquiring an additional 3,809 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $293.87 on Wednesday. The company has a market capitalization of $88.21 billion, a PE ratio of 31.95 and a beta of 1.23. The company has a fifty day moving average of $288.18 and a 200 day moving average of $263.94. Invesco NASDAQ 100 ETF has a 1 year low of $220.74 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.3522 per share. The ex-dividend date is Monday, June 22nd. This represents a $1.41 dividend on an annualized basis and a dividend yield of 0.5%.

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.