Elm3 Financial Group LLC Makes New Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Elm3 Financial Group LLC acquired a new position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,904 shares of the company’s stock, valued at approximately $3,768,000. Invesco NASDAQ 100 ETF comprises 3.2% of Elm3 Financial Group LLC’s investment portfolio, making the stock its 10th biggest holding.

A number of other large investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC grew its position in Invesco NASDAQ 100 ETF by 6.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock worth $240,000 after purchasing an additional 74 shares in the last quarter. Creative Planning lifted its holdings in Invesco NASDAQ 100 ETF by 11.6% during the third quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after acquiring an additional 2,149 shares during the period. Assetmark Inc. boosted its position in 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 purchasing an additional 284 shares during the last quarter. HighTower Advisors LLC grew its stake in Invesco NASDAQ 100 ETF by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after purchasing an additional 9,469 shares during the period. Finally, Benjamin Edwards Inc. increased its position in shares of Invesco NASDAQ 100 ETF by 9,318.8% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after purchasing an additional 1,491 shares during the last quarter.

Invesco NASDAQ 100 ETF Price Performance

NASDAQ QQQM opened at $216.90 on Thursday. The stock has a market capitalization of $43.02 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. The business’s fifty day moving average is $214.10 and its 200-day moving average is $203.67. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92.

Invesco NASDAQ 100 ETF Dividend Announcement

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