Verde Capital Management Grows Holdings in Invesco NASDAQ 100 ETF $QQQM

Verde Capital Management increased its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,987 shares of the company’s stock after purchasing an additional 11,647 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 8.4% of Verde Capital Management’s investment portfolio, making the stock its 4th biggest position. Verde Capital Management owned 0.06% of Invesco NASDAQ 100 ETF worth $39,442,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Bright Futures Wealth Management LLC. bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at $617,000. Bank of New York Mellon Corp boosted its position in Invesco NASDAQ 100 ETF by 8.1% during the 4th quarter. Bank of New York Mellon Corp now owns 835,930 shares of the company’s stock valued at $211,423,000 after buying an additional 62,705 shares during the period. Nicholas Wealth LLC. bought a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth $1,164,000. Blue Edge Capital LLC grew its holdings in Invesco NASDAQ 100 ETF by 29.9% in the 3rd quarter. Blue Edge Capital LLC now owns 23,072 shares of the company’s stock worth $5,702,000 after acquiring an additional 5,309 shares during the last quarter. Finally, EdgeRock Capital LLC increased its position in shares of Invesco NASDAQ 100 ETF by 2.5% in the fourth quarter. EdgeRock Capital LLC now owns 154,578 shares of the company’s stock valued at $39,104,000 after acquiring an additional 3,809 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 0.2%

Shares of NASDAQ:QQQM opened at $303.90 on Tuesday. The company has a market cap of $91.22 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. The company has a 50-day moving average price of $287.33 and a 200-day moving average price of $263.68. Invesco NASDAQ 100 ETF has a 12 month low of $215.55 and a 12 month high of $308.21.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 22nd will be paid a $0.3522 dividend. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $1.41 annualized dividend and a dividend yield of 0.5%.

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.