Rede Wealth LLC Increases Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rede Wealth LLC lifted its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,363 shares of the company’s stock after acquiring an additional 373 shares during the quarter. Invesco NASDAQ 100 ETF accounts for 0.6% of Rede Wealth LLC’s portfolio, making the stock its 17th largest position. Rede Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,479,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in QQQM. OLD National Bancorp IN bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $386,000. Stephens Consulting LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 12.6% in the third quarter. Stephens Consulting LLC now owns 17,465 shares of the company’s stock worth $3,508,000 after purchasing an additional 1,953 shares during the last quarter. Verde Capital Management increased its stake in Invesco NASDAQ 100 ETF by 0.4% in the 3rd quarter. Verde Capital Management now owns 141,786 shares of the company’s stock worth $28,478,000 after buying an additional 568 shares during the period. New Perspectives Inc increased its stake in Invesco NASDAQ 100 ETF by 88.4% in the 3rd quarter. New Perspectives Inc now owns 14,860 shares of the company’s stock worth $2,985,000 after buying an additional 6,972 shares during the period. Finally, AA Financial Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $318,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock traded up $1.32 during mid-day trading on Friday, reaching $203.52. The company had a trading volume of 1,661,280 shares, compared to its average volume of 1,837,028. The firm has a 50 day moving average of $196.60 and a 200 day moving average of $191.36. Invesco NASDAQ 100 ETF has a 12 month low of $140.84 and a 12 month high of $207.24. The company has a market capitalization of $34.70 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.59%.

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.