Rolek Wealth Management LLC Grows Position in Invesco NASDAQ 100 ETF $QQQM

Rolek Wealth Management LLC increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 175.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 19,004 shares of the company’s stock after buying an additional 12,116 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 3.5% of Rolek Wealth Management LLC’s portfolio, making the stock its 4th largest holding. Rolek Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,696,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQM. Bison Wealth LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $393,000. Capstone Wealth Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF by 9.6% during the first quarter. Capstone Wealth Management Group LLC now owns 36,933 shares of the company’s stock valued at $7,129,000 after purchasing an additional 3,220 shares during the period. Goldman Sachs Group Inc. grew its holdings in Invesco NASDAQ 100 ETF by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 51,164 shares of the company’s stock valued at $9,876,000 after purchasing an additional 819 shares during the period. Empowered Funds LLC purchased a new stake in Invesco NASDAQ 100 ETF in the first quarter worth $742,000. Finally, SeaCrest Wealth Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the second quarter valued at $321,000.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ QQQM opened at $250.37 on Wednesday. The stock has a market capitalization of $70.31 billion, a PE ratio of 31.95 and a beta of 1.16. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $262.23. The business’s fifty day moving average price is $253.64 and its 200-day moving average price is $245.73.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a dividend of $0.323 per share. This is a boost from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. This represents a $1.29 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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.