Arete Wealth Advisors LLC Acquires 4,878 Shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Arete Wealth Advisors LLC lifted its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 61.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,753 shares of the company’s stock after buying an additional 4,878 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Invesco NASDAQ 100 ETF were worth $2,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. World Investment Advisors grew its holdings in Invesco NASDAQ 100 ETF by 32.3% in the fourth quarter. World Investment Advisors now owns 42,740 shares of the company’s stock worth $8,995,000 after purchasing an additional 10,442 shares during the period. OneAscent Financial Services LLC bought a new position in shares of Invesco NASDAQ 100 ETF during the 4th quarter worth about $225,000. Trexquant Investment LP grew its stake in shares of Invesco NASDAQ 100 ETF by 24.1% in the 4th quarter. Trexquant Investment LP now owns 2,180 shares of the company’s stock valued at $459,000 after buying an additional 423 shares during the period. Headlands Technologies LLC increased its position in Invesco NASDAQ 100 ETF by 118.0% in the 4th quarter. Headlands Technologies LLC now owns 23,821 shares of the company’s stock valued at $5,013,000 after buying an additional 12,893 shares in the last quarter. Finally, OLD Mission Capital LLC raised its stake in Invesco NASDAQ 100 ETF by 271.4% during the 4th quarter. OLD Mission Capital LLC now owns 20,600 shares of the company’s stock worth $4,335,000 after buying an additional 15,054 shares during the period.

Invesco NASDAQ 100 ETF Stock Performance

Shares of Invesco NASDAQ 100 ETF stock opened at $196.00 on Thursday. The stock has a market capitalization of $40.02 billion, a PE ratio of 30.31 and a beta of 1.15. Invesco NASDAQ 100 ETF has a 52 week low of $169.96 and a 52 week high of $222.64. The stock has a 50 day moving average price of $208.02 and a two-hundred day moving average price of $207.92.

Invesco NASDAQ 100 ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a $0.3176 dividend. This is a boost from Invesco NASDAQ 100 ETF’s previous dividend of $0.31. The ex-dividend date of this dividend was Monday, March 24th.

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.