Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Echo45 Advisors LLC’s 9th Largest Position

Echo45 Advisors LLC decreased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 31,532 shares of the company’s stock after selling 193 shares during the period. Invesco NASDAQ 100 ETF accounts for 4.1% of Echo45 Advisors LLC’s portfolio, making the stock its 9th biggest position. Echo45 Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $6,086,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $32,000. Tucker Asset Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 122.0% during the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares in the last quarter. ST Germain D J Co. Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 1st quarter valued at about $46,000. Blue Trust Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $49,000. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $58,000.

Invesco NASDAQ 100 ETF Stock Down 0.3%

NASDAQ:QQQM opened at $219.22 on Thursday. The company has a market capitalization of $46.77 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. The stock’s 50 day moving average price is $200.99 and its 200 day moving average price is $206.87.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.3176 dividend. This is an increase from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date was Monday, March 24th.

Invesco NASDAQ 100 ETF Company 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.