Redwood Financial Network Corp Increases Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Redwood Financial Network Corp raised its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 30.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,387 shares of the company’s stock after purchasing an additional 2,899 shares during the period. Invesco NASDAQ 100 ETF comprises about 2.1% of Redwood Financial Network Corp’s portfolio, making the stock its 9th largest holding. Redwood Financial Network Corp’s holdings in Invesco NASDAQ 100 ETF were worth $2,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $388,000. Aveo Capital Partners LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 63.7% during the 4th quarter. Aveo Capital Partners LLC now owns 80,306 shares of the company’s stock valued at $13,535,000 after purchasing an additional 31,256 shares in the last quarter. Rollins Financial grew its stake in shares of Invesco NASDAQ 100 ETF by 9.8% in the 4th quarter. Rollins Financial now owns 40,425 shares of the company’s stock worth $6,813,000 after purchasing an additional 3,619 shares during the last quarter. AAF Wealth Management LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 1.9% in the fourth quarter. AAF Wealth Management LLC now owns 92,072 shares of the company’s stock valued at $15,518,000 after buying an additional 1,754 shares in the last quarter. Finally, D Orazio & Associates Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 145.2% during the 4th quarter. D Orazio & Associates Inc. now owns 101,482 shares of the company’s stock worth $17,104,000 after acquiring an additional 60,096 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.3 %

Shares of Invesco NASDAQ 100 ETF stock opened at $187.04 on Tuesday. Invesco NASDAQ 100 ETF has a 12-month low of $140.84 and a 12-month high of $207.24. The firm has a market capitalization of $29.08 billion, a PE ratio of 34.39 and a beta of 1.18. The stock’s fifty day moving average is $194.21 and its 200-day moving average is $187.85.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 24th were issued a dividend of $0.3199 per share. The ex-dividend date was Monday, June 24th. This represents a $1.28 annualized dividend and a yield of 0.68%.

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.