Rolek Wealth Management LLC Makes New Investment in Invesco NASDAQ 100 ETF $QQQM

Rolek Wealth Management LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,888 shares of the company’s stock, valued at approximately $1,564,000. Invesco NASDAQ 100 ETF makes up about 1.4% of Rolek Wealth Management LLC’s portfolio, making the stock its 5th largest holding.

Several other large investors also recently added to or reduced their stakes in QQQM. Union Bancaire Privee UBP SA bought a new stake in Invesco NASDAQ 100 ETF in the first quarter worth approximately $25,000. Westwind Capital bought a new stake in Invesco NASDAQ 100 ETF in the first quarter worth approximately $27,000. NorthRock Partners LLC bought a new stake in Invesco NASDAQ 100 ETF in the first quarter worth approximately $28,000. Crews Bank & Trust grew its position in Invesco NASDAQ 100 ETF by 328.6% in the first quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after acquiring an additional 115 shares in the last quarter. Finally, Hughes Financial Services LLC bought a new stake in Invesco NASDAQ 100 ETF in the first quarter worth approximately $30,000.

Invesco NASDAQ 100 ETF Trading Up 0.3%

NASDAQ QQQM opened at $247.12 on Wednesday. The company has a fifty day simple moving average of $237.74 and a 200 day simple moving average of $218.02. The company has a market cap of $59.25 billion, a P/E ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $248.17.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Monday, September 22nd were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, September 22nd.

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.