Stonehearth Capital Management LLC Takes $7.44 Million Position in Invesco NASDAQ 100 ETF $QQQM

Stonehearth Capital Management LLC bought a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQMFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,543 shares of the company’s stock, valued at approximately $7,436,000. Invesco NASDAQ 100 ETF comprises 2.5% of Stonehearth Capital Management LLC’s investment portfolio, making the stock its 11th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ridgeline Wealth Planning LLC raised its stake in Invesco NASDAQ 100 ETF by 4.4% in the first quarter. Ridgeline Wealth Planning LLC now owns 886 shares of the company’s stock valued at $211,000 after buying an additional 37 shares during the period. Archer Investment Corp boosted its stake in shares of Invesco NASDAQ 100 ETF by 2.0% during the 4th quarter. Archer Investment Corp now owns 2,292 shares of the company’s stock worth $580,000 after acquiring an additional 44 shares during the period. Jacobi Capital Management LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 3.4% during the 4th quarter. Jacobi Capital Management LLC now owns 1,329 shares of the company’s stock worth $336,000 after acquiring an additional 44 shares during the period. Glen Eagle Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 28.8% during the 1st quarter. Glen Eagle Advisors LLC now owns 201 shares of the company’s stock worth $48,000 after acquiring an additional 45 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Invesco NASDAQ 100 ETF by 7.3% during the 1st quarter. Blue Trust Inc. now owns 680 shares of the company’s stock worth $162,000 after acquiring an additional 46 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Down 0.4%

QQQM opened at $294.26 on Friday. Invesco NASDAQ 100 ETF has a 1-year low of $228.75 and a 1-year high of $308.21. The stock’s fifty day simple moving average is $294.12 and its 200 day simple moving average is $272.01. The stock has a market cap of $101.01 billion, a PE ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were issued a $0.3522 dividend. This represents a $1.41 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 22nd.

Invesco NASDAQ 100 ETF Profile

(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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Institutional Ownership by Quarter for Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

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