Invesco NASDAQ 100 ETF $QQQM is StoneCrest Wealth Management Inc.’s Largest Position

StoneCrest Wealth Management Inc. raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 70,684 shares of the company’s stock after purchasing an additional 3,317 shares during the quarter. Invesco NASDAQ 100 ETF comprises 7.2% of StoneCrest Wealth Management Inc.’s investment portfolio, making the stock its biggest holding. StoneCrest Wealth Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $17,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Jackson Hole Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth approximately $25,000. Wolff Wiese Magana LLC purchased a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $26,000. New Millennium Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 671.4% during the 3rd quarter. New Millennium Group LLC now owns 108 shares of the company’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $28,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth $31,000.

Invesco NASDAQ 100 ETF Stock Up 0.1%

NASDAQ QQQM opened at $240.86 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $262.23. The business has a fifty day moving average of $248.21 and a 200-day moving average of $250.82. The stock has a market cap of $69.45 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

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 paid a $0.3277 dividend. This represents a $1.31 annualized dividend 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.

About Invesco NASDAQ 100 ETF

(Free Report)

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.

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