SFG Wealth Management LLC. Buys 10,660 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

SFG Wealth Management LLC. lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 299.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,223 shares of the company’s stock after acquiring an additional 10,660 shares during the period. Invesco NASDAQ 100 ETF makes up 1.6% of SFG Wealth Management LLC.’s investment portfolio, making the stock its 12th biggest position. SFG Wealth Management LLC.’s holdings in Invesco NASDAQ 100 ETF were worth $2,993,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQM. Sequoia Financial Advisors LLC raised its holdings in shares of Invesco NASDAQ 100 ETF by 6.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,196 shares of the company’s stock valued at $240,000 after buying an additional 74 shares in the last quarter. Creative Planning grew its holdings in shares of Invesco NASDAQ 100 ETF by 11.6% in the third quarter. Creative Planning now owns 20,672 shares of the company’s stock worth $4,152,000 after purchasing an additional 2,149 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Invesco NASDAQ 100 ETF by 20.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,413 shares of the company’s stock worth $279,000 after buying an additional 242 shares during the period. Assetmark Inc. raised its holdings in Invesco NASDAQ 100 ETF by 60.8% during the 3rd quarter. Assetmark Inc. now owns 751 shares of the company’s stock valued at $151,000 after buying an additional 284 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Invesco NASDAQ 100 ETF by 26.4% during the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after buying an additional 9,469 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Up 1.7 %

Shares of Invesco NASDAQ 100 ETF stock opened at $214.78 on Monday. The company’s fifty day simple moving average is $212.38 and its two-hundred day simple moving average is $202.55. Invesco NASDAQ 100 ETF has a 12-month low of $168.46 and a 12-month high of $221.92. The firm has a market cap of $39.76 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

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