Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Shares Bought by Spectrum Wealth Advisory Group LLC

Spectrum Wealth Advisory Group LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 21.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,894 shares of the company’s stock after acquiring an additional 15,192 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 8.4% of Spectrum Wealth Advisory Group LLC’s investment portfolio, making the stock its 3rd largest position. Spectrum Wealth Advisory Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $17,866,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $32,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the third quarter worth approximately $43,000. Finally, Blue Trust Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $49,000.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM opened at $221.56 on Friday. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92. The stock has a market capitalization of $44.00 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock has a 50 day moving average price of $215.06 and a 200 day moving average price of $205.05.

Invesco NASDAQ 100 ETF Announces Dividend

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