Invesco NASDAQ 100 ETF (NASDAQ:QQQM) is Rational Advisors Inc.’s 6th Largest Position

Rational Advisors Inc. decreased its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 242,673 shares of the company’s stock after selling 23,200 shares during the quarter. Invesco NASDAQ 100 ETF comprises 4.7% of Rational Advisors Inc.’s holdings, making the stock its 6th biggest position. Rational Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $46,841,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Union Bancaire Privee UBP SA purchased a new position in shares of Invesco NASDAQ 100 ETF during the 1st quarter worth about $25,000. Westwind Capital purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 1st quarter valued at $27,000. Crews Bank & Trust increased its holdings in shares of Invesco NASDAQ 100 ETF by 328.6% during the 1st quarter. Crews Bank & Trust now owns 150 shares of the company’s stock worth $29,000 after buying an additional 115 shares during the last quarter. Nemes Rush Group LLC acquired a new position in Invesco NASDAQ 100 ETF in the fourth quarter valued at $32,000. Finally, Mather Group LLC. grew its position in Invesco NASDAQ 100 ETF by 80.6% during the first quarter. Mather Group LLC. now owns 168 shares of the company’s stock valued at $32,000 after acquiring an additional 75 shares during the period.

Invesco NASDAQ 100 ETF Price Performance

Shares of NASDAQ:QQQM opened at $228.13 on Friday. The firm has a market capitalization of $53.90 billion, a PE ratio of 31.95 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $229.52. The business has a 50-day moving average of $216.98 and a two-hundred day moving average of $208.29.

Invesco NASDAQ 100 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 23rd were issued a $0.3161 dividend. This is a positive change from Invesco NASDAQ 100 ETF’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, June 23rd. This represents a $1.26 annualized dividend and a yield of 0.55%.

Invesco NASDAQ 100 ETF Profile

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.