Invesco NASDAQ 100 ETF $QQQM Stock Holdings Lifted by Trademark Financial Management LLC

Trademark Financial Management LLC raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 114.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 38,647 shares of the company’s stock after purchasing an additional 20,646 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 4.5% of Trademark Financial Management LLC’s holdings, making the stock its 5th biggest holding. Trademark Financial Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $9,183,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of QQQM. Garner Asset Management Corp purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $25,000. Imprint Wealth LLC purchased a new position in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. SJS Investment Consulting Inc. bought a new position in Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $40,000. Osbon Capital Management LLC bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $41,000. Finally, Bank & Trust Co bought a new position in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $46,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $293.42 on Friday. The stock has a market cap of $98.16 billion, a P/E ratio of 31.95 and a beta of 1.22. Invesco NASDAQ 100 ETF has a fifty-two week low of $226.25 and a fifty-two week high of $308.21. The stock has a 50 day simple moving average of $292.84 and a two-hundred day simple moving average of $265.87.

Invesco NASDAQ 100 ETF Dividend Announcement

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

Invesco NASDAQ 100 ETF 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.