Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Holdings Lessened by EdgeRock Capital LLC

EdgeRock Capital LLC lowered its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.1% during the fourth quarter, Holdings Channel reports. The firm owned 136,465 shares of the company’s stock after selling 5,821 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 18.8% of EdgeRock Capital LLC’s portfolio, making the stock its largest holding. EdgeRock Capital LLC’s holdings in Invesco NASDAQ 100 ETF were worth $28,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QQQM. Financial Management Professionals Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. Kieckhefer Group LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $32,000. Abich Financial Wealth Management LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $43,000. Finally, Blue Trust Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $49,000.

Invesco NASDAQ 100 ETF Trading Down 1.2 %

NASDAQ:QQQM opened at $214.04 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $222.64. The stock’s 50 day simple moving average is $215.48 and its 200-day simple moving average is $206.47. The firm has a market cap of $42.50 billion, a P/E ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a dividend of $0.3103 per share. The ex-dividend date was Monday, December 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.