Verde Capital Management Has $39.04 Million Stock Holdings in Invesco NASDAQ 100 ETF $QQQM

Verde Capital Management raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 154,340 shares of the company’s stock after purchasing an additional 2,029 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 8.3% of Verde Capital Management’s investment portfolio, making the stock its 4th biggest position. Verde Capital Management owned approximately 0.05% of Invesco NASDAQ 100 ETF worth $39,036,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Garner Asset Management Corp acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $25,000. New Millennium Group LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 671.4% in the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. Imprint Wealth LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $31,000. Finally, Bank & Trust Co acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $46,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $290.63 on Tuesday. The company has a market capitalization of $87.24 billion, a price-to-earnings ratio of 31.95 and a beta of 1.21. The business’s 50-day moving average is $259.52 and its 200-day moving average is $255.56. Invesco NASDAQ 100 ETF has a 1 year low of $208.18 and a 1 year high of $297.29.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 23rd were given a $0.3277 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 23rd. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.32.

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.