Florida Financial Advisors LLC Has $1.75 Million Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Florida Financial Advisors LLC raised its stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,764 shares of the company’s stock after acquiring an additional 1,459 shares during the quarter. Invesco NASDAQ 100 ETF makes up approximately 0.8% of Florida Financial Advisors LLC’s investment portfolio, making the stock its 24th largest position. Florida Financial Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $1,751,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Financial Management Professionals Inc. acquired a new position in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC bought a new position in Invesco NASDAQ 100 ETF in the 3rd quarter valued at approximately $31,000. Kieckhefer Group LLC acquired a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $32,000. Blue Trust Inc. bought a new stake in Invesco NASDAQ 100 ETF during the 4th quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 257.1% in the 3rd quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock valued at $50,000 after acquiring an additional 180 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of NASDAQ:QQQM opened at $201.88 on Tuesday. The firm has a market cap of $40.09 billion, a PE ratio of 30.79 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64. The firm’s fifty day moving average is $210.39 and its 200-day moving average is $207.74.

Invesco NASDAQ 100 ETF Increases Dividend

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

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.