Ridgecrest Wealth Partners LLC Raises Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Ridgecrest Wealth Partners LLC increased its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 4.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,434 shares of the company’s stock after acquiring an additional 60 shares during the period. Ridgecrest Wealth Partners LLC’s holdings in Invesco NASDAQ 100 ETF were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tyler Stone Wealth Management lifted its holdings in shares of Invesco NASDAQ 100 ETF by 152.3% during the third quarter. Tyler Stone Wealth Management now owns 9,650 shares of the company’s stock valued at $1,938,000 after purchasing an additional 5,825 shares during the last quarter. Round Rock Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 1.1% during the 3rd quarter. Round Rock Advisors LLC now owns 13,476 shares of the company’s stock valued at $2,707,000 after buying an additional 142 shares in the last quarter. Colonial River Investments LLC raised its stake in Invesco NASDAQ 100 ETF by 17.0% during the third quarter. Colonial River Investments LLC now owns 22,313 shares of the company’s stock valued at $4,482,000 after buying an additional 3,236 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 24.6% in the third quarter. Axxcess Wealth Management LLC now owns 25,180 shares of the company’s stock worth $5,057,000 after acquiring an additional 4,973 shares in the last quarter. Finally, Transcendent Capital Group LLC grew its stake in shares of Invesco NASDAQ 100 ETF by 1,630.4% in the third quarter. Transcendent Capital Group LLC now owns 17,754 shares of the company’s stock worth $3,566,000 after acquiring an additional 16,728 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $211.62 on Monday. The company has a market capitalization of $36.06 billion, a PE ratio of 34.39 and a beta of 1.18. The business has a fifty day moving average price of $199.45 and a 200-day moving average price of $194.10. Invesco NASDAQ 100 ETF has a 1-year low of $152.05 and a 1-year high of $211.92.

Invesco NASDAQ 100 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 23rd were issued a $0.30 dividend. The ex-dividend date was Monday, September 23rd. This represents a $1.20 annualized dividend and a yield of 0.57%.

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.