Orion Portfolio Solutions LLC Raises Stake in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Orion Portfolio Solutions LLC increased its position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 50.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,961 shares of the company’s stock after buying an additional 39,468 shares during the period. Orion Portfolio Solutions LLC’s holdings in Invesco NASDAQ 100 ETF were worth $24,825,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in Invesco NASDAQ 100 ETF in the 4th quarter worth about $25,000. Legacy Investment Solutions LLC purchased a new position in shares of Invesco NASDAQ 100 ETF during the 3rd quarter worth about $31,000. Kieckhefer Group LLC acquired a new stake in shares of Invesco NASDAQ 100 ETF in the fourth quarter worth approximately $32,000. Blue Trust Inc. purchased a new stake in Invesco NASDAQ 100 ETF in the fourth quarter valued at approximately $49,000. Finally, Hobbs Group Advisors LLC increased its position in Invesco NASDAQ 100 ETF by 257.1% during the third quarter. Hobbs Group Advisors LLC now owns 250 shares of the company’s stock worth $50,000 after purchasing an additional 180 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Down 0.6 %

Shares of QQQM opened at $198.24 on Friday. Invesco NASDAQ 100 ETF has a fifty-two week low of $169.96 and a fifty-two week high of $222.64. The company’s fifty day moving average is $209.77 and its two-hundred day moving average is $207.75. The firm has a market cap of $39.36 billion, a PE ratio of 30.79 and a beta of 1.18.

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. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31.

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.