Whelan Financial Has $53.32 Million Position in Invesco NASDAQ 100 ETF $QQQM

Whelan Financial reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.3% during the 4th quarter, HoldingsChannel reports. The firm owned 210,801 shares of the company’s stock after selling 4,992 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 16.7% of Whelan Financial’s holdings, making the stock its biggest holding. Whelan Financial’s holdings in Invesco NASDAQ 100 ETF were worth $53,316,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of QQQM. Bright Futures Wealth Management LLC. purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter worth $617,000. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Invesco NASDAQ 100 ETF by 1,473.2% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,695 shares of the company’s stock valued at $1,407,000 after acquiring an additional 5,333 shares in the last quarter. Evolution Wealth Management Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 51,972.7% in the third quarter. Evolution Wealth Management Inc. now owns 5,728 shares of the company’s stock worth $1,416,000 after acquiring an additional 5,717 shares during the period. Bank Hapoalim BM bought a new position in shares of Invesco NASDAQ 100 ETF in the third quarter worth about $35,091,000. Finally, Aspire Growth Partners LLC grew its position in shares of Invesco NASDAQ 100 ETF by 12.4% during the third quarter. Aspire Growth Partners LLC now owns 24,952 shares of the company’s stock worth $6,166,000 after purchasing an additional 2,747 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $277.54 on Friday. The company’s fifty day moving average price is $251.52 and its 200-day moving average price is $252.78. Invesco NASDAQ 100 ETF has a one year low of $196.36 and a one year high of $278.30. The company has a market capitalization of $83.31 billion, a PE ratio of 31.95 and a beta of 1.21.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.