Gerber LLC Cuts Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Gerber LLC lowered its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 3.0% during the first quarter, HoldingsChannel reports. The fund owned 15,393 shares of the company’s stock after selling 479 shares during the period. Invesco NASDAQ 100 ETF accounts for about 2.5% of Gerber LLC’s investment portfolio, making the stock its 11th biggest holding. Gerber LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,971,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QQQM. Union Bancaire Privee UBP SA purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $25,000. Crews Bank & Trust grew its stake in Invesco NASDAQ 100 ETF by 328.6% during the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after buying an additional 115 shares during the last quarter. Nemes Rush Group LLC purchased a new position in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Tucker Asset Management LLC grew its stake in Invesco NASDAQ 100 ETF by 122.0% during the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after buying an additional 111 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in Invesco NASDAQ 100 ETF during the 1st quarter worth approximately $46,000.

Invesco NASDAQ 100 ETF Stock Up 0.9%

NASDAQ:QQQM opened at $218.80 on Tuesday. The stock’s 50 day moving average price is $206.71 and its 200 day moving average price is $207.17. The company has a market capitalization of $46.68 billion, a PE ratio of 32.67 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52-week low of $165.72 and a 52-week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 23rd will be paid a dividend of $0.3161 per share. This represents a $1.26 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Monday, June 23rd. This is an increase from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30.

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.