Redhawk Wealth Advisors Inc. Cuts Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Redhawk Wealth Advisors Inc. cut its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,044 shares of the company’s stock after selling 197 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $4,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Tucker Asset Management LLC boosted its holdings in Invesco NASDAQ 100 ETF by 122.0% during the fourth quarter. Tucker Asset Management LLC now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 111 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in Invesco NASDAQ 100 ETF during the first quarter worth about $46,000. Blue Trust Inc. purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $49,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Invesco NASDAQ 100 ETF during the fourth quarter worth about $58,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $219.95 on Wednesday. Invesco NASDAQ 100 ETF has a fifty-two week low of $165.72 and a fifty-two week high of $222.64. The stock has a market cap of $46.92 billion, a PE ratio of 32.67 and a beta of 1.18. The firm’s 50-day simple moving average is $200.09 and its 200 day simple moving average is $206.78.

Invesco NASDAQ 100 ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were paid a $0.3176 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

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.