Rede Wealth LLC Raises Position in 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 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,579 shares of the company’s stock after purchasing an additional 216 shares during the period. Invesco NASDAQ 100 ETF accounts for 0.6% of Rede Wealth LLC’s investment portfolio, making the stock its 19th biggest holding. Rede Wealth LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of QQQM. Mendota Financial Group LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter worth approximately $40,000. CRA Financial Services LLC boosted its holdings 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 buying an additional 755 shares during the period. City State Bank boosted its holdings 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 buying an additional 380 shares during the period. Carnegie Investment Counsel boosted its holdings 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 buying an additional 878 shares during the period. Finally, Bright Financial Advisors Inc. boosted its holdings 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 buying an additional 4,501 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $215.35 on Friday. The firm has a fifty day moving average price of $214.59 and a two-hundred day moving average price of $203.98. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92. The company has a market cap of $42.76 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Dividend Announcement

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

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.