Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Holdings Boosted by Avalon Capital Management

Avalon Capital Management raised its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 79.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,110 shares of the company’s stock after purchasing an additional 4,906 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 0.8% of Avalon Capital Management’s investment portfolio, making the stock its 28th biggest holding. Avalon Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $2,030,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QQQM. PNC Financial Services Group Inc. increased its stake in Invesco NASDAQ 100 ETF by 10.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,507 shares of the company’s stock valued at $370,000 after buying an additional 237 shares during the period. Stifel Financial Corp raised its holdings in shares of Invesco NASDAQ 100 ETF by 39.9% during the third quarter. Stifel Financial Corp now owns 65,617 shares of the company’s stock worth $9,673,000 after acquiring an additional 18,726 shares in the last quarter. Mutual Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the third quarter valued at $323,000. Rehmann Capital Advisory Group boosted its position in Invesco NASDAQ 100 ETF by 2.7% during the third quarter. Rehmann Capital Advisory Group now owns 33,858 shares of the company’s stock valued at $4,991,000 after purchasing an additional 884 shares during the last quarter. Finally, Truist Financial Corp grew its stake in Invesco NASDAQ 100 ETF by 4.1% in the third quarter. Truist Financial Corp now owns 105,614 shares of the company’s stock valued at $15,569,000 after purchasing an additional 4,161 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.5 %

QQQM stock traded down $1.08 during mid-day trading on Friday, hitting $197.11. The stock had a trading volume of 2,099,436 shares, compared to its average volume of 1,729,646. Invesco NASDAQ 100 ETF has a 1-year low of $140.84 and a 1-year high of $200.47. The company has a fifty day moving average of $187.18 and a 200 day moving average of $179.66. The stock has a market capitalization of $25.56 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 24th were issued a $0.3199 dividend. The ex-dividend date of this dividend was Monday, June 24th. This represents a $1.28 dividend on an annualized basis and a yield of 0.65%.

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.