Strategic Financial Concepts LLC Has $1.30 Billion Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Strategic Financial Concepts LLC raised its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 26,756.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,197,357 shares of the company’s stock after acquiring an additional 6,174,281 shares during the quarter. Invesco NASDAQ 100 ETF comprises 2.5% of Strategic Financial Concepts LLC’s portfolio, making the stock its 10th largest position. Strategic Financial Concepts LLC owned approximately 3.19% of Invesco NASDAQ 100 ETF worth $1,304,234,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Financial Management Professionals Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at approximately $25,000. Legacy Investment Solutions LLC bought a new stake in Invesco NASDAQ 100 ETF in the third quarter valued at approximately $31,000. Kieckhefer Group LLC acquired a new stake in Invesco NASDAQ 100 ETF in the fourth quarter worth $32,000. Mendota Financial Group LLC acquired a new stake in Invesco NASDAQ 100 ETF in the third quarter worth $40,000. Finally, Abich Financial Wealth Management LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the third quarter worth $43,000.

Invesco NASDAQ 100 ETF Stock Up 0.5 %

QQQM opened at $218.04 on Friday. The stock has a market cap of $43.30 billion, a P/E 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 $221.92. The company has a fifty day simple moving average of $214.28 and a 200 day simple moving average of $203.77.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared 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 of this dividend 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.