Elm3 Financial Group LLC Makes New Investment in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Elm3 Financial Group LLC acquired a new stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,904 shares of the company’s stock, valued at approximately $3,768,000. Invesco NASDAQ 100 ETF comprises about 3.2% of Elm3 Financial Group LLC’s investment portfolio, making the stock its 10th biggest position.

Other large investors also recently modified their holdings of the company. National Mutual Insurance Federation of Agricultural Cooperatives grew its position in shares of Invesco NASDAQ 100 ETF by 260.2% during the 3rd quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after buying an additional 1,712,000 shares during the period. Clal Insurance Enterprises Holdings Ltd grew its stake 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 buying an additional 754,700 shares during the period. Main Management Fund Advisors LLC bought a new stake in Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $65,598,000. Meitav Investment House Ltd. raised its stake in Invesco NASDAQ 100 ETF by 25.7% during the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock worth $319,132,000 after buying an additional 324,887 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco NASDAQ 100 ETF by 13.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,651,789 shares of the company’s stock worth $331,762,000 after acquiring an additional 194,261 shares in the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $216.90 on Thursday. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $221.92. The stock has a 50 day moving average price of $214.10 and a two-hundred day moving average price of $203.67. The stock has a market capitalization of $43.02 billion, a PE ratio of 34.39 and a beta of 1.18.

Invesco NASDAQ 100 ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Monday, December 23rd were paid a dividend of $0.3103 per share. 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.