Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Echo45 Advisors LLC’s 3rd Largest Position

Echo45 Advisors LLC raised its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,579 shares of the company’s stock after buying an additional 4,596 shares during the quarter. Invesco NASDAQ 100 ETF comprises 11.4% of Echo45 Advisors LLC’s portfolio, making the stock its 3rd largest holding. Echo45 Advisors LLC owned approximately 0.07% of Invesco NASDAQ 100 ETF worth $14,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Next Capital Management LLC lifted its position in Invesco NASDAQ 100 ETF by 3.6% in the 4th quarter. Next Capital Management LLC now owns 1,804 shares of the company’s stock worth $304,000 after buying an additional 62 shares during the last quarter. Emerald Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 1.7% in the fourth quarter. Emerald Advisors LLC now owns 5,955 shares of the company’s stock valued at $1,004,000 after purchasing an additional 98 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Invesco NASDAQ 100 ETF by 2.6% in the third quarter. Koshinski Asset Management Inc. now owns 3,953 shares of the company’s stock valued at $583,000 after purchasing an additional 99 shares during the last quarter. West Michigan Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 3.0% during the third quarter. West Michigan Advisors LLC now owns 3,930 shares of the company’s stock valued at $579,000 after acquiring an additional 113 shares in the last quarter. Finally, PFG Advisors raised its holdings in shares of Invesco NASDAQ 100 ETF by 0.7% during the third quarter. PFG Advisors now owns 15,686 shares of the company’s stock valued at $2,312,000 after acquiring an additional 114 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock traded down $0.97 during midday trading on Thursday, hitting $174.26. The stock had a trading volume of 1,977,655 shares, compared to its average volume of 1,867,831. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 35.17 and a beta of 1.28. The business has a 50-day moving average of $180.37 and a two-hundred day moving average of $167.65. Invesco NASDAQ 100 ETF has a 52-week low of $127.47 and a 52-week high of $184.88.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 19th were paid a $0.3454 dividend. The ex-dividend date was Monday, March 18th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 0.79%.

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.