Verde Capital Management Has $39.44 Million Stake in Invesco NASDAQ 100 ETF $QQQM

Verde Capital Management boosted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,987 shares of the company’s stock after acquiring an additional 11,647 shares during the period. Invesco NASDAQ 100 ETF accounts for approximately 8.4% of Verde Capital Management’s holdings, making the stock its 4th biggest holding. Verde Capital Management’s holdings in Invesco NASDAQ 100 ETF were worth $39,442,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Avaii Wealth Management LLC raised its holdings in Invesco NASDAQ 100 ETF by 2.8% in the 4th quarter. Avaii Wealth Management LLC now owns 1,464 shares of the company’s stock worth $370,000 after purchasing an additional 40 shares in the last quarter. 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 valued at $580,000 after purchasing an additional 44 shares in the last quarter. 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 valued at $336,000 after purchasing an additional 44 shares in the last quarter. Foresight Capital Management Advisors Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 4.6% during the fourth quarter. Foresight Capital Management Advisors Inc. now owns 1,068 shares of the company’s stock valued at $270,000 after buying an additional 47 shares during the period. Finally, Motiv8 Investments LLC increased its position in shares of Invesco NASDAQ 100 ETF by 0.5% during the fourth quarter. Motiv8 Investments LLC now owns 9,410 shares of the company’s stock valued at $2,380,000 after buying an additional 47 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $303.90 on Tuesday. Invesco NASDAQ 100 ETF has a 1 year low of $215.55 and a 1 year high of $308.21. The firm has a 50-day moving average of $287.33 and a 200 day moving average of $263.68. The company has a market cap of $91.22 billion, a P/E ratio of 31.95 and a beta of 1.23.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.3522 per share. The ex-dividend date is Monday, June 22nd. This represents a $1.41 dividend on an annualized basis 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.