Cvfg LLC Boosts Stake in Invesco NASDAQ 100 ETF $QQQM

Cvfg LLC increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 497.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,217 shares of the company’s stock after purchasing an additional 99,268 shares during the period. Invesco NASDAQ 100 ETF makes up 3.5% of Cvfg LLC’s portfolio, making the stock its 2nd biggest position. Cvfg LLC’s holdings in Invesco NASDAQ 100 ETF were worth $28,328,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nicholas Wealth LLC. acquired a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $1,164,000. Bank of New York Mellon Corp raised its stake in shares of Invesco NASDAQ 100 ETF by 8.1% in the fourth quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after acquiring an additional 62,705 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 34.7% in the 4th quarter. Farther Finance Advisors LLC now owns 85,731 shares of the company’s stock worth $21,683,000 after acquiring an additional 22,077 shares in the last quarter. EdgeRock Capital LLC boosted its holdings in shares of Invesco NASDAQ 100 ETF by 2.5% in the 4th quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock worth $39,104,000 after acquiring an additional 3,809 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC grew its position in Invesco NASDAQ 100 ETF by 1,046.7% during the 4th quarter. Galvin Gaustad & Stein LLC now owns 50,843 shares of the company’s stock worth $12,859,000 after acquiring an additional 46,409 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $292.14 on Wednesday. The business has a fifty day moving average price of $294.28 and a 200 day moving average price of $266.80. Invesco NASDAQ 100 ETF has a fifty-two week low of $226.88 and a fifty-two week high of $308.21. The stock has a market capitalization of $97.61 billion, a price-to-earnings ratio of 31.95 and a beta of 1.22.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.