New Wave Wealth Advisors LLC Has $4.77 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

New Wave Wealth Advisors LLC lifted its position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 179.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,682 shares of the company’s stock after buying an additional 14,557 shares during the quarter. Invesco NASDAQ 100 ETF comprises about 2.0% of New Wave Wealth Advisors LLC’s holdings, making the stock its 12th largest position. New Wave Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $4,773,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. acquired a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at about $25,000. Massmutual Trust Co. FSB ADV bought a new position in Invesco NASDAQ 100 ETF in the third quarter worth approximately $29,000. Legacy Investment Solutions LLC acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Kieckhefer Group LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the fourth quarter valued at approximately $32,000. Finally, Mendota Financial Group LLC acquired a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at $40,000.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $215.34 on Friday. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92. The company has a 50-day simple moving average of $213.60 and a 200 day simple moving average of $203.23. The company has a market capitalization of $42.10 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

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

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.