Financial Advocates Investment Management Acquires 2,619 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Financial Advocates Investment Management lifted its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.2% during the 4th quarter, Holdings Channel reports. The firm owned 34,487 shares of the company’s stock after acquiring an additional 2,619 shares during the period. Financial Advocates Investment Management’s holdings in Invesco NASDAQ 100 ETF were worth $7,258,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Brandywine Oak Private Wealth LLC boosted its holdings in Invesco NASDAQ 100 ETF by 3.9% during the fourth quarter. Brandywine Oak Private Wealth LLC now owns 8,066 shares of the company’s stock worth $1,697,000 after buying an additional 306 shares during the last quarter. Centennial Wealth Advisory LLC raised its position in shares of Invesco NASDAQ 100 ETF by 44.0% in the 4th quarter. Centennial Wealth Advisory LLC now owns 2,041 shares of the company’s stock valued at $430,000 after acquiring an additional 624 shares during the period. Robertson Stephens Wealth Management LLC boosted its stake in Invesco NASDAQ 100 ETF by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 3,107 shares of the company’s stock worth $654,000 after acquiring an additional 56 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its position in shares of Invesco NASDAQ 100 ETF by 4.4% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 18,354 shares of the company’s stock worth $3,863,000 after purchasing an additional 776 shares in the last quarter. Finally, Syntegra Private Wealth Group LLC lifted its holdings in Invesco NASDAQ 100 ETF by 1.8% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 197,810 shares of the company’s stock worth $41,629,000 after acquiring an additional 3,466 shares in the last quarter.

Invesco NASDAQ 100 ETF Price Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $216.90 on Thursday. The firm has a market cap of $43.02 billion, a price-to-earnings ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a one year low of $169.96 and a one year high of $221.92. The stock’s 50-day moving average is $214.10 and its 200-day moving average is $203.67.

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 given 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.