Modern Wealth Management LLC Makes New $6.95 Million Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Modern Wealth Management LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 31,916 shares of the company’s stock, valued at approximately $6,953,000.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQM. Strategic Financial Concepts LLC lifted its position 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. First Command Advisory Services Inc. lifted its holdings in Invesco NASDAQ 100 ETF by 0.8% during the 4th quarter. First Command Advisory Services Inc. now owns 4,852,917 shares of the company’s stock valued at $1,021,296,000 after buying an additional 37,600 shares in the last quarter. National Mutual Insurance Federation of Agricultural Cooperatives boosted its position in Invesco NASDAQ 100 ETF by 30.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock valued at $648,817,000 after buying an additional 713,000 shares during the period. Meitav Investment House Ltd. grew its stake in Invesco NASDAQ 100 ETF by 12.7% in the 4th quarter. Meitav Investment House Ltd. now owns 1,791,275 shares of the company’s stock worth $376,669,000 after acquiring an additional 201,737 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth approximately $374,557,000.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $201.88 on Tuesday. The company has a market capitalization of $40.09 billion, a PE ratio of 30.79 and a beta of 1.18. The company has a 50 day moving average price of $210.39 and a 200-day moving average price of $207.74. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.3176 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

Invesco NASDAQ 100 ETF Company 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.