Whelan Financial Lowers Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Whelan Financial lessened its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 236,205 shares of the company’s stock after selling 3,132 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 19.5% of Whelan Financial’s investment portfolio, making the stock its biggest position. Whelan Financial owned about 0.12% of Invesco NASDAQ 100 ETF worth $49,709,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QQQM. Two Sigma Investments LP grew its holdings in shares of Invesco NASDAQ 100 ETF by 1,064.0% during the 4th quarter. Two Sigma Investments LP now owns 29,100 shares of the company’s stock worth $6,124,000 after purchasing an additional 26,600 shares in the last quarter. Toronto Dominion Bank lifted its position in Invesco NASDAQ 100 ETF by 22,063.6% during the fourth quarter. Toronto Dominion Bank now owns 9,752 shares of the company’s stock worth $2,052,000 after purchasing an additional 9,708 shares during the period. Snowden Capital Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth about $347,000. Royal Bank of Canada increased its holdings in Invesco NASDAQ 100 ETF by 10.6% in the 4th quarter. Royal Bank of Canada now owns 715,760 shares of the company’s stock valued at $150,632,000 after buying an additional 68,889 shares during the period. Finally, Redwood Financial Network Corp raised its position in shares of Invesco NASDAQ 100 ETF by 33.4% in the 4th quarter. Redwood Financial Network Corp now owns 23,179 shares of the company’s stock valued at $4,878,000 after buying an additional 5,800 shares in the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.1%

Shares of Invesco NASDAQ 100 ETF stock opened at $214.94 on Tuesday. The company has a market cap of $45.85 billion, a PE ratio of 30.65 and a beta of 1.18. The company has a 50 day moving average of $194.26 and a 200-day moving average of $206.01. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a dividend of $0.3176 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.