National Wealth Management Group LLC Has $2.57 Million Stock Position in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

National Wealth Management Group LLC grew its holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 5.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,201 shares of the company’s stock after acquiring an additional 599 shares during the quarter. Invesco NASDAQ 100 ETF accounts for about 1.7% of National Wealth Management Group LLC’s portfolio, making the stock its 16th biggest position. National Wealth Management Group LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can increased its holdings in Invesco NASDAQ 100 ETF by 2,926.5% during the third quarter. Bank of Montreal Can now owns 21,004 shares of the company’s stock worth $4,208,000 after buying an additional 20,310 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Invesco NASDAQ 100 ETF by 55.1% during the 3rd quarter. Captrust Financial Advisors now owns 5,688 shares of the company’s stock worth $1,142,000 after purchasing an additional 2,020 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Invesco NASDAQ 100 ETF in the 3rd quarter valued at about $250,000. Benjamin Edwards Inc. raised its holdings in shares of Invesco NASDAQ 100 ETF by 9,318.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 1,507 shares of the company’s stock valued at $303,000 after purchasing an additional 1,491 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Invesco NASDAQ 100 ETF by 26.4% in the 3rd quarter. HighTower Advisors LLC now owns 45,393 shares of the company’s stock valued at $9,107,000 after purchasing an additional 9,469 shares during the last quarter.

Invesco NASDAQ 100 ETF Stock Performance

Invesco NASDAQ 100 ETF stock opened at $193.02 on Tuesday. The stock has a 50-day simple moving average of $208.90 and a 200 day simple moving average of $208.02. The stock has a market capitalization of $38.33 billion, a P/E 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 Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.3176 dividend. The ex-dividend date was 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.