Axxcess Wealth Management LLC Has $15.03 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Axxcess Wealth Management LLC lifted its holdings in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 183.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 71,421 shares of the company’s stock after buying an additional 46,241 shares during the period. Axxcess Wealth Management LLC’s holdings in Invesco NASDAQ 100 ETF were worth $15,031,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QQQM. Strategic Financial Concepts LLC boosted its stake in shares of Invesco NASDAQ 100 ETF by 26,756.3% during the 4th quarter. Strategic Financial Concepts LLC now owns 6,197,357 shares of the company’s stock worth $1,304,234,000 after buying an additional 6,174,281 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $374,557,000. IMC Chicago LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 4th quarter valued at about $208,737,000. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Invesco NASDAQ 100 ETF by 13.9% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 6,178,000 shares of the company’s stock valued at $1,240,851,000 after purchasing an additional 754,700 shares during the period. Finally, National Mutual Insurance Federation of Agricultural Cooperatives raised its holdings in shares of Invesco NASDAQ 100 ETF by 30.1% in the 4th quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 3,083,000 shares of the company’s stock valued at $648,817,000 after purchasing an additional 713,000 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of QQQM stock opened at $198.76 on Tuesday. The firm’s 50-day moving average is $211.65 and its 200-day moving average is $207.54. The stock has a market cap of $39.47 billion, a price-to-earnings 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.

Invesco NASDAQ 100 ETF Announces Dividend

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