Rockbridge Investment Management LCC Makes New Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Rockbridge Investment Management LCC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,255 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $265,000. Concurrent Investment Advisors LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 502.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 8,287 shares of the company’s stock worth $1,514,000 after purchasing an additional 6,911 shares during the period. Legacy Capital Group California Inc. bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $1,553,000. Headlands Technologies LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $1,481,000. Finally, US Bancorp DE increased its holdings in shares of Invesco NASDAQ 100 ETF by 5.4% during the 1st quarter. US Bancorp DE now owns 79,457 shares of the company’s stock worth $14,516,000 after purchasing an additional 4,074 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ:QQQM opened at $211.62 on Friday. The firm’s 50-day moving average is $199.45 and its 200-day moving average is $193.97. Invesco NASDAQ 100 ETF has a 52-week low of $152.05 and a 52-week high of $211.92. The company has a market cap of $36.06 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders 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 dividend 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.