Invesco NASDAQ 100 ETF $QQQM Stake Lifted by Horizon Wealth Management LLC

Horizon Wealth Management LLC grew its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.6% during the 1st quarter, HoldingsChannel reports. The firm owned 117,571 shares of the company’s stock after buying an additional 5,132 shares during the period. Invesco NASDAQ 100 ETF comprises approximately 4.1% of Horizon Wealth Management LLC’s holdings, making the stock its 4th biggest position. Horizon Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $27,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQM. Nicholas Wealth LLC. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $1,164,000. Bank of New York Mellon Corp lifted its position in Invesco NASDAQ 100 ETF by 8.1% during the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock worth $211,423,000 after buying an additional 62,705 shares in the last quarter. Blue Edge Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 29.9% during the third quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after buying an additional 5,309 shares during the last quarter. EdgeRock Capital LLC boosted its stake in Invesco NASDAQ 100 ETF by 2.5% during the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after buying an additional 3,809 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC grew its holdings in Invesco NASDAQ 100 ETF by 1,046.7% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock valued at $12,859,000 after buying an additional 46,409 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Down 1.4%

Shares of NASDAQ:QQQM opened at $298.61 on Thursday. Invesco NASDAQ 100 ETF has a 52-week low of $224.80 and a 52-week high of $308.21. The stock has a market cap of $99.90 billion, a P/E ratio of 31.95 and a beta of 1.22. The business has a fifty day moving average of $292.28 and a two-hundred day moving average of $265.58.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Monday, June 22nd were given a dividend of $0.3522 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.