Raymond James Financial Inc. Makes New $374.56 Million Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Posted by Donald Scott on Mar 7th, 2025

Raymond James Financial Inc. acquired a new stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,779,793 shares of the company’s stock, valued at approximately $374,557,000. Raymond James Financial Inc. owned 0.90% of Invesco NASDAQ 100 ETF as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in Invesco NASDAQ 100 ETF during the fourth quarter valued at $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Invesco NASDAQ 100 ETF during the 3rd quarter valued at about $31,000. Kieckhefer Group LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the fourth quarter worth about $32,000. Blue Trust Inc. bought a new position in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $49,000. Finally, Hobbs Group Advisors LLC lifted 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 worth $50,000 after buying an additional 180 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 2.7 %

NASDAQ QQQM opened at $201.06 on Friday. The firm has a market cap of $39.92 billion, a price-to-earnings ratio of 33.44 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $222.64. The company has a 50-day simple moving average of $213.87 and a two-hundred day simple moving average of $207.36.

Invesco NASDAQ 100 ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. The ex-dividend date was Monday, December 23rd.

Invesco NASDAQ 100 ETF Company Profile

(Free Report)

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.