Focus Financial Network Inc. Has $19.69 Million Stock Position in Invesco NASDAQ 100 ETF $QQQM

Focus Financial Network Inc. increased its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,987 shares of the company’s stock after purchasing an additional 5,182 shares during the period. Focus Financial Network Inc.’s holdings in Invesco NASDAQ 100 ETF were worth $19,689,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of QQQM. Migdal Insurance & Financial Holdings Ltd. lifted its position in Invesco NASDAQ 100 ETF by 3,234.6% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,098,047 shares of the company’s stock worth $783,561,000 after purchasing an additional 3,005,140 shares during the period. Principia Wealth Advisory LLC increased its holdings in Invesco NASDAQ 100 ETF by 1,615.9% in the 4th quarter. Principia Wealth Advisory LLC now owns 954,798 shares of the company’s stock valued at $241,488,000 after buying an additional 899,154 shares during the period. Meitav Investment House Ltd. raised its position in shares of Invesco NASDAQ 100 ETF by 25.3% in the 1st quarter. Meitav Investment House Ltd. now owns 2,576,146 shares of the company’s stock valued at $612,143,000 after buying an additional 520,102 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Invesco NASDAQ 100 ETF by 62.9% during the 4th quarter. Royal Bank of Canada now owns 1,286,802 shares of the company’s stock worth $325,458,000 after acquiring an additional 497,004 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Invesco NASDAQ 100 ETF by 4.2% during the 4th quarter. Invesco Ltd. now owns 11,653,647 shares of the company’s stock worth $2,947,440,000 after acquiring an additional 468,626 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

NASDAQ QQQM opened at $297.70 on Monday. The firm’s 50 day simple moving average is $294.00 and its 200 day simple moving average is $272.31. The firm has a market capitalization of $102.19 billion, a price-to-earnings ratio of 31.95 and a beta of 1.23. Invesco NASDAQ 100 ETF has a 1 year low of $228.75 and a 1 year high of $308.21.

Invesco NASDAQ 100 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 22nd were paid a dividend of $0.3522 per share. The ex-dividend date was Monday, June 22nd. This represents a $1.41 annualized dividend and a yield of 0.5%.

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.