Redhawk Wealth Advisors Inc. Buys 1,304 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Redhawk Wealth Advisors Inc. grew its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,241 shares of the company’s stock after purchasing an additional 1,304 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $4,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QQQM. Armstrong Advisory Group Inc. boosted its stake in Invesco NASDAQ 100 ETF by 20.8% during the fourth quarter. Armstrong Advisory Group Inc. now owns 970 shares of the company’s stock valued at $204,000 after buying an additional 167 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Invesco NASDAQ 100 ETF by 18.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 736 shares of the company’s stock valued at $155,000 after acquiring an additional 115 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $2,271,000. SeaCrest Wealth Management LLC increased its position in shares of Invesco NASDAQ 100 ETF by 9.1% in the fourth quarter. SeaCrest Wealth Management LLC now owns 1,154 shares of the company’s stock valued at $243,000 after acquiring an additional 96 shares during the period. Finally, Capstone Wealth Management Group LLC raised its position in Invesco NASDAQ 100 ETF by 1,021.5% during the 4th quarter. Capstone Wealth Management Group LLC now owns 33,713 shares of the company’s stock valued at $7,095,000 after purchasing an additional 30,707 shares during the last quarter.

Invesco NASDAQ 100 ETF Trading Up 2.3 %

Shares of Invesco NASDAQ 100 ETF stock opened at $212.70 on Thursday. The company’s fifty day simple moving average is $212.32 and its two-hundred day simple moving average is $202.36. The company has a market cap of $39.38 billion, a P/E ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $165.86 and a 12-month high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

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 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.