Focus Financial Network Inc. Grows Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Focus Financial Network Inc. increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,228 shares of the company’s stock after acquiring an additional 6,373 shares during the period. Focus Financial Network Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $16,042,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Financial Concepts LLC grew its holdings in shares of Invesco NASDAQ 100 ETF by 26,756.3% during the fourth 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 last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its stake in shares of Invesco NASDAQ 100 ETF by 260.2% in the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock valued at $476,014,000 after buying an additional 1,712,000 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter valued at about $208,737,000. Clal Insurance Enterprises Holdings Ltd grew its holdings in Invesco NASDAQ 100 ETF by 13.9% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after purchasing an additional 754,700 shares during the last quarter. Finally, Main Management Fund Advisors LLC purchased a new position in Invesco NASDAQ 100 ETF during the third quarter worth $65,598,000.

Invesco NASDAQ 100 ETF Stock Up 1.2 %

QQQM stock opened at $217.86 on Tuesday. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $221.92. The stock’s fifty day simple moving average is $214.59 and its 200-day simple moving average is $204.12. The stock has a market capitalization of $43.26 billion, a price-to-earnings 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. Investors of record on Monday, December 23rd were issued 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.