75,477 Shares in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) Purchased by Solano Wealth Investment Advisors LLC

Solano Wealth Investment Advisors LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 75,477 shares of the company’s stock, valued at approximately $15,884,000. Invesco NASDAQ 100 ETF accounts for 9.5% of Solano Wealth Investment Advisors LLC’s holdings, making the stock its biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in QQQM. Strategic Financial Concepts LLC boosted its holdings in Invesco NASDAQ 100 ETF by 26,756.3% in the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after buying an additional 6,174,281 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $374,557,000. Invesco Ltd. boosted its stake in shares of Invesco NASDAQ 100 ETF by 14.4% in the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after acquiring an additional 1,170,093 shares during the last quarter. IMC Chicago LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $208,737,000. Finally, Bank of Nova Scotia purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $158,702,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $183.75 on Friday. Invesco NASDAQ 100 ETF has a one year low of $165.72 and a one year high of $222.64. The business has a fifty day moving average price of $202.46 and a 200 day moving average price of $206.93. The company has a market cap of $37.52 billion, a P/E ratio of 30.31 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.