Freedom Investment Management Inc. Raises Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Freedom Investment Management Inc. boosted its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 1,448.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,948 shares of the company’s stock after purchasing an additional 32,691 shares during the quarter. Freedom Investment Management Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $7,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Strategic Financial Concepts LLC boosted its holdings in shares of 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 purchasing an additional 6,174,281 shares during the period. Raymond James Financial Inc. bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $374,557,000. Invesco Ltd. grew its position in shares of Invesco NASDAQ 100 ETF by 14.4% in the 4th quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after buying an additional 1,170,093 shares during the last quarter. IMC Chicago LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the 4th quarter valued at $208,737,000. Finally, Bank of Nova Scotia purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at about $158,702,000.

Invesco NASDAQ 100 ETF Trading Down 0.0 %

NASDAQ QQQM opened at $182.86 on Friday. The company has a fifty day simple moving average of $199.37 and a two-hundred day simple moving average of $206.38. Invesco NASDAQ 100 ETF has a 12-month low of $165.72 and a 12-month high of $222.64. The stock has a market cap of $38.27 billion, a P/E ratio of 30.31 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.