Hollencrest Capital Management Has $108.51 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Hollencrest Capital Management increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 439,084 shares of the company’s stock after acquiring an additional 10,718 shares during the quarter. Invesco NASDAQ 100 ETF makes up about 3.9% of Hollencrest Capital Management’s holdings, making the stock its 5th largest position. Hollencrest Capital Management owned about 0.17% of Invesco NASDAQ 100 ETF worth $108,506,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQM. Jackson Hole Capital Partners LLC purchased a new position in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth about $25,000. Wolff Wiese Magana LLC purchased a new position in Invesco NASDAQ 100 ETF in the third quarter valued at about $26,000. Trust Co. of Toledo NA OH bought a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at approximately $28,000. Pflug Koory LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 2nd quarter valued at approximately $32,000. Finally, PrairieView Partners LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 400.0% during the 2nd quarter. PrairieView Partners LLC now owns 165 shares of the company’s stock worth $37,000 after purchasing an additional 132 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 0.4%

Shares of NASDAQ QQQM opened at $260.76 on Thursday. The stock has a fifty day simple moving average of $254.56 and a two-hundred day simple moving average of $246.84. Invesco NASDAQ 100 ETF has a 1-year low of $165.72 and a 1-year high of $262.23. The firm has a market cap of $73.60 billion, a price-to-earnings ratio of 31.95 and a beta of 1.16.

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.

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.