Retirement Financial Solutions LLC Lowers Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Retirement Financial Solutions LLC reduced its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,063 shares of the company’s stock after selling 10,945 shares during the period. Invesco NASDAQ 100 ETF makes up about 7.4% of Retirement Financial Solutions LLC’s holdings, making the stock its 6th largest holding. Retirement Financial Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $12,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in QQQM. Union Bancaire Privee UBP SA bought a new position in shares of Invesco NASDAQ 100 ETF in the 1st quarter worth $25,000. Nemes Rush Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $32,000. Tucker Asset Management LLC lifted its holdings in Invesco NASDAQ 100 ETF by 122.0% in the 4th quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after buying an additional 111 shares during the period. ST Germain D J Co. Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $46,000. Finally, Blue Trust Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at about $49,000.

Invesco NASDAQ 100 ETF Stock Performance

QQQM stock opened at $216.94 on Friday. The company has a market capitalization of $46.28 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18. The business’s 50 day moving average price is $202.80 and its two-hundred day moving average price is $206.99. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.