Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is EdgeRock Capital LLC’s Largest Position

EdgeRock Capital LLC decreased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 141,936 shares of the company’s stock after selling 11,250 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 18.4% of EdgeRock Capital LLC’s investment portfolio, making the stock its largest holding. EdgeRock Capital LLC owned 0.12% of Invesco NASDAQ 100 ETF worth $25,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of QQQM. Bank of New York Mellon Corp boosted its position in shares of Invesco NASDAQ 100 ETF by 18,603.9% in the third quarter. Bank of New York Mellon Corp now owns 888,621 shares of the company’s stock worth $130,992,000 after buying an additional 883,870 shares during the period. Money Design Co. Ltd. boosted its position in Invesco NASDAQ 100 ETF by 126.0% during the 4th quarter. Money Design Co. Ltd. now owns 785,015 shares of the company’s stock worth $132,306,000 after acquiring an additional 437,683 shares during the period. LPL Financial LLC grew its stake in Invesco NASDAQ 100 ETF by 12.4% during the 3rd quarter. LPL Financial LLC now owns 3,883,222 shares of the company’s stock valued at $572,426,000 after acquiring an additional 428,164 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $65,475,000. Finally, Mainstay Capital Management LLC ADV lifted its position in shares of Invesco NASDAQ 100 ETF by 53.0% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,045,155 shares of the company’s stock worth $176,150,000 after purchasing an additional 362,075 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of QQQM stock remained flat at $181.19 during trading on Tuesday. 1,359,223 shares of the company traded hands, compared to its average volume of 1,817,173. The company has a market capitalization of $23.50 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business’s fifty day moving average is $179.70 and its 200-day moving average is $170.37. Invesco NASDAQ 100 ETF has a twelve month low of $132.15 and a twelve month high of $184.88.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Tuesday, March 19th were paid a $0.3454 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Monday, March 18th.

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.