Legacy Solutions LLC Makes New $686,000 Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Legacy Solutions LLC bought a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,261 shares of the company’s stock, valued at approximately $686,000. Invesco NASDAQ 100 ETF makes up about 0.7% of Legacy Solutions LLC’s holdings, making the stock its 28th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 793.0% in the fourth quarter. Apollon Wealth Management LLC now owns 76,129 shares of the company’s stock worth $16,021,000 after buying an additional 67,604 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 6.6% in the third quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after buying an additional 74 shares in the last quarter. Creative Planning lifted its stake in shares of Invesco NASDAQ 100 ETF by 11.6% in the third quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after buying an additional 2,149 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Invesco NASDAQ 100 ETF by 60.8% in the third quarter. Assetmark Inc. now owns 751 shares of the company’s stock worth $151,000 after buying an additional 284 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF by 26.4% in the third quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock worth $9,107,000 after buying an additional 9,469 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ QQQM opened at $222.09 on Wednesday. The company has a market cap of $44.10 billion, a PE ratio of 34.39 and a beta of 1.18. The firm’s 50 day moving average price is $215.19 and its 200-day moving average price is $205.35. Invesco NASDAQ 100 ETF has a 52-week low of $169.96 and a 52-week high of $222.28.

Invesco NASDAQ 100 ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid 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.