Strategent Financial LLC Invests $6.37 Million in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Strategent Financial LLC bought a new position in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the first quarter, Holdings Channel.com reports. The fund bought 32,993 shares of the company’s stock, valued at approximately $6,368,000. Invesco NASDAQ 100 ETF comprises 5.8% of Strategent Financial LLC’s portfolio, making the stock its 5th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Strategic Financial Concepts LLC increased its holdings in shares of Invesco NASDAQ 100 ETF by 26,756.3% during the 4th 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 period. Raymond James Financial Inc. acquired a new stake in Invesco NASDAQ 100 ETF during the fourth quarter worth about $374,557,000. Invesco Ltd. grew its position in Invesco NASDAQ 100 ETF by 14.4% during the fourth quarter. Invesco Ltd. now owns 9,323,266 shares of the company’s stock worth $1,962,081,000 after buying an additional 1,170,093 shares in the last quarter. IMC Chicago LLC bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $208,737,000. Finally, Bank of Nova Scotia bought a new position in Invesco NASDAQ 100 ETF during the fourth quarter valued at about $158,702,000.

Invesco NASDAQ 100 ETF Stock Up 1.0%

Invesco NASDAQ 100 ETF stock opened at $218.16 on Friday. The business has a 50 day moving average price of $198.95 and a two-hundred day moving average price of $206.63. Invesco NASDAQ 100 ETF has a 12 month low of $165.72 and a 12 month high of $222.64. The stock has a market cap of $46.54 billion, a price-to-earnings ratio of 32.67 and a beta of 1.18.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.3176 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.