Redhawk Wealth Advisors Inc. Lowers Stake in Invesco NASDAQ 100 ETF $QQQM

Redhawk Wealth Advisors Inc. lowered its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 44.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,737 shares of the company’s stock after selling 9,307 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $2,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QQQM. Northern Trust Corp bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $420,000. Bison Wealth LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $393,000. Snowden Capital Advisors LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $347,000. Toronto Dominion Bank raised its position in shares of Invesco NASDAQ 100 ETF by 22,063.6% during the fourth quarter. Toronto Dominion Bank now owns 9,752 shares of the company’s stock valued at $2,052,000 after buying an additional 9,708 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Invesco NASDAQ 100 ETF by 1,064.0% during the fourth quarter. Two Sigma Investments LP now owns 29,100 shares of the company’s stock valued at $6,124,000 after buying an additional 26,600 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Invesco NASDAQ 100 ETF stock opened at $245.12 on Friday. The stock has a market cap of $58.77 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 $246.23. The firm’s 50 day moving average price is $235.18 and its 200-day moving average price is $215.27.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 23rd were given a dividend of $0.3161 per share. The ex-dividend date was Monday, June 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a dividend yield of 0.5%.

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.