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

IFP Advisors Inc grew its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,266 shares of the company’s stock after buying an additional 1,068 shares during the period. IFP Advisors Inc’s holdings in Invesco NASDAQ 100 ETF were worth $1,740,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. B&D White Capital Company LLC raised its stake in Invesco NASDAQ 100 ETF by 5.8% during the 4th quarter. B&D White Capital Company LLC now owns 105,238 shares of the company’s stock valued at $22,147,000 after purchasing an additional 5,808 shares during the period. Colonial River Investments LLC raised its stake in Invesco NASDAQ 100 ETF by 6.2% during the 4th quarter. Colonial River Investments LLC now owns 23,686 shares of the company’s stock valued at $4,985,000 after purchasing an additional 1,373 shares during the period. World Equity Group Inc. bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter valued at approximately $565,000. MONECO Advisors LLC raised its stake in Invesco NASDAQ 100 ETF by 161.4% during the 4th quarter. MONECO Advisors LLC now owns 7,887 shares of the company’s stock valued at $1,660,000 after purchasing an additional 4,870 shares during the period. Finally, LWM Advisory Services LLC raised its stake in Invesco NASDAQ 100 ETF by 7.1% during the 4th quarter. LWM Advisory Services LLC now owns 6,582 shares of the company’s stock valued at $1,385,000 after purchasing an additional 439 shares during the period.

Invesco NASDAQ 100 ETF Trading Down 1.2 %

Shares of QQQM opened at $211.37 on Wednesday. The business’s 50 day moving average is $215.33 and its 200 day moving average is $206.68. The company has a market capitalization of $41.97 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $222.64.

Invesco NASDAQ 100 ETF Announces Dividend

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