Rede Wealth LLC Buys 216 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rede Wealth LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,579 shares of the company’s stock after acquiring an additional 216 shares during the quarter. Invesco NASDAQ 100 ETF accounts for approximately 0.6% of Rede Wealth LLC’s portfolio, making the stock its 19th largest position. Rede Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Mendota Financial Group LLC purchased a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth $40,000. CRA Financial Services LLC raised its position in Invesco NASDAQ 100 ETF by 32.9% in the 3rd quarter. CRA Financial Services LLC now owns 3,050 shares of the company’s stock worth $613,000 after purchasing an additional 755 shares during the period. City State Bank raised its position in Invesco NASDAQ 100 ETF by 9.8% in the 3rd quarter. City State Bank now owns 4,270 shares of the company’s stock worth $858,000 after purchasing an additional 380 shares during the period. Carnegie Investment Counsel raised its position in Invesco NASDAQ 100 ETF by 3.9% in the 3rd quarter. Carnegie Investment Counsel now owns 23,127 shares of the company’s stock worth $4,645,000 after purchasing an additional 878 shares during the period. Finally, Bright Financial Advisors Inc. raised its position in Invesco NASDAQ 100 ETF by 77.2% in the 3rd quarter. Bright Financial Advisors Inc. now owns 10,331 shares of the company’s stock worth $2,075,000 after purchasing an additional 4,501 shares during the period.

Invesco NASDAQ 100 ETF Stock Down 1.2 %

Shares of NASDAQ:QQQM opened at $215.35 on Friday. The stock has a market cap of $42.76 billion, a PE ratio of 34.39 and a beta of 1.18. The company’s fifty day moving average is $214.59 and its 200 day moving average is $203.98. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $221.92.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were given a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF 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.