Invesco NASDAQ 100 ETF $QQQM is Rovin Capital UT ADV’s 5th Largest Position

Rovin Capital UT ADV trimmed its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,182 shares of the company’s stock after selling 7,995 shares during the period. Invesco NASDAQ 100 ETF makes up 3.2% of Rovin Capital UT ADV’s portfolio, making the stock its 5th biggest position. Rovin Capital UT ADV’s holdings in Invesco NASDAQ 100 ETF were worth $11,660,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in QQQM. Bison Wealth LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $393,000. Capstone Wealth Management Group LLC boosted its holdings in Invesco NASDAQ 100 ETF by 9.6% in the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Invesco NASDAQ 100 ETF by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares in the last quarter. Empowered Funds LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 1st quarter valued at approximately $742,000. Finally, SeaCrest Wealth Management LLC purchased a new stake in Invesco NASDAQ 100 ETF during the 2nd quarter worth approximately $321,000.

Invesco NASDAQ 100 ETF Stock Down 0.1%

Shares of QQQM opened at $255.71 on Monday. The firm has a market cap of $71.52 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16. The business’s 50 day moving average is $253.77 and its two-hundred day moving average is $245.39. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $262.23.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were issued a $0.323 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 22nd.

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.