Financial Advocates Investment Management Has $7.26 Million Stock Holdings in Invesco NASDAQ 100 ETF (NASDAQ:QQQM)

Financial Advocates Investment Management increased its stake in shares of Invesco NASDAQ 100 ETF (NASDAQ:QQQM) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,487 shares of the company’s stock after buying an additional 2,619 shares during the period. Financial Advocates Investment Management’s holdings in Invesco NASDAQ 100 ETF were worth $7,258,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. National Mutual Insurance Federation of Agricultural Cooperatives lifted its position in shares of Invesco NASDAQ 100 ETF by 260.2% during the third quarter. National Mutual Insurance Federation of Agricultural Cooperatives now owns 2,370,000 shares of the company’s stock worth $476,014,000 after purchasing an additional 1,712,000 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd raised its position in 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 worth $1,240,851,000 after purchasing an additional 754,700 shares during the last quarter. Main Management Fund Advisors LLC acquired a new position in Invesco NASDAQ 100 ETF during the 3rd quarter worth $65,598,000. Meitav Investment House Ltd. boosted its position in Invesco NASDAQ 100 ETF by 25.7% in the 3rd quarter. Meitav Investment House Ltd. now owns 1,589,538 shares of the company’s stock valued at $319,132,000 after buying an additional 324,887 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco NASDAQ 100 ETF by 13.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 1,651,789 shares of the company’s stock valued at $331,762,000 after buying an additional 194,261 shares during the period.

Invesco NASDAQ 100 ETF Stock Up 0.4 %

Shares of QQQM opened at $216.90 on Thursday. The stock’s fifty day simple moving average is $214.10 and its 200-day simple moving average is $203.67. The firm has a market capitalization of $43.02 billion, a PE ratio of 34.39 and a beta of 1.18. Invesco NASDAQ 100 ETF has a 12-month low of $169.96 and a 12-month high of $221.92.

Invesco NASDAQ 100 ETF Announces Dividend

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

Invesco NASDAQ 100 ETF Company 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.