Focus Partners Wealth Has $16.73 Million Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Focus Partners Wealth lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 19.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 79,500 shares of the company’s stock after acquiring an additional 12,929 shares during the period. Focus Partners Wealth’s holdings in Invesco NASDAQ 100 ETF were worth $16,731,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQM. Barclays PLC boosted its position in shares of Invesco NASDAQ 100 ETF by 4,489.8% during the 3rd quarter. Barclays PLC now owns 21,113 shares of the company’s stock worth $4,241,000 after purchasing an additional 20,653 shares in the last quarter. Winthrop Advisory Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $1,097,000. City State Bank boosted its position in shares of Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. City State Bank now owns 4,345 shares of the company’s stock worth $914,000 after purchasing an additional 75 shares in the last quarter. ACT Advisors LLC. bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $27,217,000. Finally, Kieckhefer Group LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $32,000.

Invesco NASDAQ 100 ETF Price Performance

QQQM stock opened at $200.96 on Monday. The stock has a market capitalization of $42.87 billion, a PE ratio of 27.89 and a beta of 1.18. The company’s 50-day moving average is $192.60 and its 200-day moving average is $205.58. Invesco NASDAQ 100 ETF has a 1 year low of $165.72 and a 1 year high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.