Rockbridge Investment Management LCC Boosts Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rockbridge Investment Management LCC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 131.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,222 shares of the company’s stock after buying an additional 2,967 shares during the period. Rockbridge Investment Management LCC’s holdings in Invesco NASDAQ 100 ETF were worth $1,099,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Apollon Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 793.0% during the 4th quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock valued at $16,021,000 after acquiring an additional 67,604 shares during the period. HighTower Advisors LLC lifted its position in Invesco NASDAQ 100 ETF by 26.4% in the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after purchasing an additional 9,469 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Invesco NASDAQ 100 ETF by 9,318.8% during the third quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after purchasing an additional 1,491 shares during the period. Bank of Montreal Can grew its holdings in shares of Invesco NASDAQ 100 ETF by 2,926.5% in the third quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock worth $4,208,000 after purchasing an additional 20,310 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 9.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,154 shares of the company’s stock worth $243,000 after buying an additional 96 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.8 %

Shares of QQQM opened at $199.42 on Thursday. The stock has a market capitalization of $39.60 billion, a P/E ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64. The firm has a fifty day simple moving average of $210.03 and a two-hundred day simple moving average of $207.81.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.