IFP Advisors Inc Boosts Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

IFP Advisors Inc boosted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,266 shares of the company’s stock after acquiring an additional 1,068 shares during the quarter. IFP Advisors Inc’s holdings in Invesco NASDAQ 100 ETF were worth $1,740,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Financial Management Professionals Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $31,000. Kieckhefer Group LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $32,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter worth $43,000. Finally, Blue Trust Inc. purchased a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter worth $49,000.

Invesco NASDAQ 100 ETF Trading Down 1.2 %

Shares of QQQM stock opened at $211.37 on Wednesday. Invesco NASDAQ 100 ETF has a twelve month low of $169.96 and a twelve month high of $222.64. The stock has a market capitalization of $41.97 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The stock has a fifty day simple moving average of $215.33 and a two-hundred day simple moving average of $206.68.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were issued a $0.3103 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco NASDAQ 100 ETF Company 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.